Acrisure Expands Fintech Capabilities Through $1.1 Billion Acquisition
GRAND RAPIDS, Mich.–(BUSINESS WIRE)–Acrisure has entered into a definitive agreement to acquire Global Payments’ (NYSE: GPN) payroll business, Heartland Payroll Solutions, for $1.1 billion. This strategic acquisition will significantly enhance Acrisure’s payroll and Human Capital Management (HCM) capabilities, advancing its mission to become a leading fintech solutions provider for small and medium-sized businesses globally.
“This acquisition accelerates our transformation into a fully scaled and diversified fintech platform,” stated Greg Williams, Co-Founder, Chairman, and CEO of Acrisure. “We’re excited about partnering with the Heartland Payroll team and look forward to growing this business together.” The acquisition is expected to close in the second half of 2025, subject to regulatory approvals.
Heartland Payroll currently serves over 50,000 clients with payroll solutions, HCM software, and other business services. Vince Lombardo, currently President of North America Merchant Solutions at Global Payments, will join Acrisure as CEO of Heartland Payroll, bringing over 20 years of leadership experience in payroll and financial services.
“Acrisure’s strategic acquisition marks an exciting milestone for our team,” Lombardo said. “I’m honored to join Acrisure and work alongside Greg and his team as we continue to build the most comprehensive provider of financial service products for businesses worldwide.”
This acquisition builds on Acrisure’s recent $2.1 billion funding round led by Bain Capital, which valued the company at $32 billion. Acrisure offers a comprehensive suite of services including insurance, reinsurance, real estate services, cybersecurity tools, and payroll solutions to small and medium-sized businesses.
Skadden, Arps, Slate, Meagher & Flom LLP and Kirkland & Ellis LLP served as legal counsel, while Schulte Roth & Zabel LLP acted as regulatory counsel for Acrisure. Goldfinch Partners advised Acrisure on the transaction.
