CEO Thomas Priore Led Investor Group to Take Priority Technology Private for $1.6 Billion

Priority Technology Holdings, Inc. (PRTH) entered into a merger agreement on September 21, 2026, to be taken private by an investor group led by its CEO, Thomas Priore, in a deal valued at $1.6 billion.

Deal Structure:

Priority Technology stockholders will receive $8.05 per share in cash, representing a premium of 38.08% from the stock’s last close.

Company Profile:

Priority Technology is a U.S.-based payment technology company that provides payment processing, accounts payable automation, and banking and treasury solutions. It serves SMBs, enterprises, financial institutions, and software partners through its merchant services, B2B payments, and embedded payment solutions.

Deal Details and Timeline:

Priore made an offer last year to acquire the company for $6 to $6.15 per share in cash. That offer received opposition from activist investors Buckley Capital Advisors and Steamboat Capital.

The transaction is being financed, in part, through equity commitments from funds advised by Searchlight Capital Partners.

The merger is expected to close in the first half of 2027.

Barclays is serving as financial advisor to Priority Technology, with Paul, Weiss, Rifkind, Wharton & Garrison and Nixon Peabody serving as its legal advisors. TD Securities is advising Priore on the financial side, while McDermott Will & Schulte and Latham & Watkins are providing legal advice.

The consideration represents 7.85 times the EBITDA of Priority Technology.

Deal Metrics:

For more detailed insights into this merger and acquisition transaction, please visit the Deal Metrics page at:

Deal Metrics for the acquisition of Priority Technology Holdings, Inc. (PRTH) by CEO Thomas Priore

The Deal Metrics page for each merger or acquisition includes:

• A detailed spread history of the merger from the announcement to completion or failure.
• A timeline of key events, including regulatory approvals, shareholder votes, and more.
• Access to news and SEC filings.
• A log of deal updates.
• And much more.

Disclaimer: This article is not intended as investment advice. Please conduct your own thorough research before making any investment decisions. The accuracy and completeness of the information provided are not guaranteed.

Editor’s Note: Baranjot Kaur contributed to this article