Celero Commerce Acquires TransNational Payments
Nashville, TN and Chicago, IL – October 28, 2020 – Celero Commerce (“Celero”), a vertically-focused commerce solutions provider, today announced the acquisition of TransNational Payments, a leading provider of electronic payments technology and business management SaaS solutions. With the addition of TransNational, Celero now serves approximately 40,000 merchants, 150 financial institutions, and processes more than $14 billion of card volume annually, making it a top 10 non-bank payment processor in the United States.
“It’s an exciting day for the TransNational Payments team,” said TransNational CEO, Jae Haas. “We are proud to join Celero and contribute to our collective mission to help small and mid-sized companies drive growth with the best financial technology platform in the market. This opportunity not only makes sense in terms of how our products and services fit, but also culturally, where our teams will come together and focus on smart growth for the future.” As part of this transaction, Jae Haas will take on an expanded role leading Celero Direct and Executive Vice President, Bryan Olson, will be responsible for TransNational operations.
This acquisition marks Celero’s second in 2020 and sixth since its launch in 2018, following an investment from private equity firm, LLR Partners. “Each strategic acquisition has increased Celero’s ability to deliver bundled, user-friendly software and payments solutions, empowering businesses to compete and grow,” said Ryan Goldenberg, Principal at LLR Partners and Director at Celero Commerce. “This acquisition is a significant step forward in helping Celero realize its vision to be the premier business partner for small and medium-sized businesses across the country.”
Financial Technology Partners (“FT Partners”) served as the exclusive strategic and financial advisor to TransNational Payments.
About Celero Commerce
Headquartered in Nashville, Celero Commerce is a full-service, integrated electronic commerce solutions provider powered by leading edge technology, strategic partnerships, and business intelligence. Celero offers payment processing services, business management software, and data intelligence to small and medium-sized businesses, empowering them to drive growth and profitability.
Scott Farace, Chief Marketing Officer