News
Acquisition · Deluxe · Fintech · Payments
Deluxe Corporation (DLX), a payments and data company, agreed to acquire financial technology firm Celero Commerce for $625 million, plus transaction expenses and adjustments, significantly advancing its strategic shift towards higher-growth Payments and Data segments.
This acquisition increases the combined Payments and Data businesses to 57% of Deluxe's 2026 proforma revenues, up from 31% in 2020. The deal is accretive to adjusted EPS in the first year post-closing, enhances revenue growth, expands adjusted EBITDA margins, and generates strong cash flow, inclusive of over $15 million in anticipated cost synergies fully realized within a 24-month period.
Celero Commerce delivered over $200 million in revenue in 2025 with a 28% adjusted EBITDA margin, as per Deluxe. Deluxe funds the acquisition through $375 million in incremental Term Loan A financing from a five-bank syndicate led by BofA Securities, Inc.
and drawing on its existing revolving credit facility. The transaction closes in the third quarter of 2026.
Deluxe provides updated guidance reflecting the acquisition post-close, while reaffirming its previously issued fiscal 2026 guidance. DLX shares traded down 1.83% in pre-market activity on the New York Stock Exchange.
