Paystone to acquire Ackroo in $21M all-cash transaction, offering 25% premium over the 90-day volume weighted average price
Paystone to acquire Ackroo in $21M all-cash transaction, offering 25% premium over the 90-day volume weighted average price
12/13/24, 1:52 PM
Location
Industry
e commerce
Ackroo Inc. announces the sale to Paystone Inc. in a $21 million all-cash transaction. The deal offers a 25% premium over the 90-day volume weighted average price and strengthens Paystone's position in the industry as it continues to consolidate the market.
Company Info
Location
Canada
Company info
The company has over 30,000 merchant locations on its platform throughout North America, and Al-Ansari expects that to grow by 5,000 this year. The company has 150 employees currently, and another 50 are expected to come on board by the end of the year. Paystone provides the marketing through content, help with reviews and with loyalty and rewards programs.