Minnesota-Based Deluxe Closes Transformative Acquisition of Celero Commerce

The acquisition is an important step in Deluxe's growth strategy. It expands the company's merchant payment business and creates a larger payment platform expected to process more than $70 billion in annual transaction volume, positioning Deluxe among the top 10 non-bank merchant acquirers.

Deluxe expects the deal to increase adjusted earnings per share in its first full year after closing. The company also expects to achieve more than $15 million in cost savings while supporting higher revenue growth and stronger profit margins.

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"I couldn't be more excited about what this combination makes possible,” said Kevin Jones, CEO of Celero Commerce. Our shared commitment to innovation, execution and service creates a strong foundation for our customers and partners and I am confident the best is yet to come."

“Acquiring Celero was an important strategic next step in our expansion as a major digital payments processor,” said Barry McCarthy, President and CEO of Deluxe. “The combination is expected to add more than 55,000 merchant relationships and 130 bank partners to our existing base, and we look forward to providing all of our customers and partners with the highest-touch merchant solutions service, deep distribution experience, and a fully scaled processing platform.”

About Deluxe Corporation

Founded in 1915, Deluxe is a payments and data company that helps businesses manage payments, receive money and grow. For more than 100 years, businesses of all sizes have relied on Deluxe's solutions, from startups to established companies.

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