Capital Payments announced today that it has made its fourth acquisition, purchasing a specific portion of merchant assets from Merchant Services Group, Inc. (MSG) and entering into a long-term distribution agreement with MSG’s principals. Based in Syosset, New York, MSG is an electronic payments services company specializing in credit card and check processing, and other payment related services for small and medium-sized businesses, corporate merchants and ecommerce merchants.
The acquisition and alliance agreement with Merchant Services Group supports Capital Payments’ ongoing strategy to offer merchant acquiring entrepreneurs opportunities to monetize their existing portfolios and benefit from Capital Payments’ multiple processing relationships, geographic diversity, robust sector-specific product offerings and novel technology. MSG’s merchants extend Capital Payments’ commitment to being the leading national provider of payment solutions to the Trusted Advisor community and their small business clients.
“We are aggressively looking to add entrepreneurs and their portfolios to our platforms, and feel that our speed and financial flexibility as well as our comprehensive suite of payment related products positions us as a leading merchant acquirer,” states Todd S. Whiton, President and CEO of Capital Payments.
Headquartered in Melville, NY, Capital Payments, LLC supports Trusted Advisors such as CPAs and attorneys in working with their small- and mid-sized business clients. Capital Payments is financially backed by Hamilton Investment Partners and Financial Partners, a business unit of Citi Capital Advisors. “We are pleased to support Capital Payments in delivering a superior level of merchant processing to Trusted Advisors and their clients, and we look forward to continuing to work with Todd Whiton, CEO and Pat Keller, CFO, and our partner investors on future successful acquisitions," said Manu Rana, Managing Director of Financial Partners. Capital Payments was represented in the transaction by Jaffe, Raitt, Heuer & Weiss.
About Capital Payments, LLC
Capital Payments is a leading provider of merchant and electronic payment solutions. The company is uniquely focused on working with Trusted Advisors to help them navigate their business clients through the increasingly complex world of electronic payments. The company provides transparent and competitive pricing, very fair terms and conditions, and best of breed payment products and services to its merchants. Capital Payments is led by industry veterans with decades of experience in working with small and midsized businesses and their CPAs, accountants, attorneys, and other trusted advisors. For more information, please visit www.capitalpayments.com.
About Merchant Services Group
Servicing thousands of merchants nationwide, Merchant Service Group, Inc. understands that offering electronic payments in today's world is a necessity for your business. Merchant Service Group provides an array of electronic payment processing options to retail, restaurant, mail order, telephone order, and Internet businesses. Services include credit, debit and EBT card processing, check conversion and guarantee, electronic gift certificate processing, and equipment leasing and sales.
About Hamilton Investment Partners
Hamilton is a private investment firm that makes equity investments in partnership with superior management teams, focusing primarily on small and middle market buyouts and growth capital financings. Following each investment, Hamilton intends to play an active role on the board of directors in guiding the company and developing its expansion and exit strategies. Together, the firm's partners have completed more than 40 financings over the past 25 years. For more information please visit www.hamiltoninvestment.com.
About Financial Partners
Financial Partners, a business unit of Citi Capital Advisors, seeks to provide primary, secondary and special-situations capital to financial services businesses and companies servicing financial institutions. Financial Partners aims to provide equity, debt or hybrid capital for event-, special situation, or growth, acquisition or recapitalization financing. Its goal is to finance exceptional management teams who can take advantage of the skills and relationships of the Financial Partners investment team to catalyze or accelerate the creation of durable value in their companies. Citi Capital Advisors, a unit of Citigroup Inc., manages $14 billion globally on behalf of institutional, corporate, sovereign and individual investors.
The acquisition and alliance agreement with Merchant Services Group supports Capital Payments’ ongoing strategy to offer merchant acquiring entrepreneurs opportunities to monetize their existing portfolios and benefit from Capital Payments’ multiple processing relationships, geographic diversity, robust sector-specific product offerings and novel technology. MSG’s merchants extend Capital Payments’ commitment to being the leading national provider of payment solutions to the Trusted Advisor community and their small business clients.
“We are aggressively looking to add entrepreneurs and their portfolios to our platforms, and feel that our speed and financial flexibility as well as our comprehensive suite of payment related products positions us as a leading merchant acquirer,” states Todd S. Whiton, President and CEO of Capital Payments.
Headquartered in Melville, NY, Capital Payments, LLC supports Trusted Advisors such as CPAs and attorneys in working with their small- and mid-sized business clients. Capital Payments is financially backed by Hamilton Investment Partners and Financial Partners, a business unit of Citi Capital Advisors. “We are pleased to support Capital Payments in delivering a superior level of merchant processing to Trusted Advisors and their clients, and we look forward to continuing to work with Todd Whiton, CEO and Pat Keller, CFO, and our partner investors on future successful acquisitions," said Manu Rana, Managing Director of Financial Partners. Capital Payments was represented in the transaction by Jaffe, Raitt, Heuer & Weiss.
About Capital Payments, LLC
Capital Payments is a leading provider of merchant and electronic payment solutions. The company is uniquely focused on working with Trusted Advisors to help them navigate their business clients through the increasingly complex world of electronic payments. The company provides transparent and competitive pricing, very fair terms and conditions, and best of breed payment products and services to its merchants. Capital Payments is led by industry veterans with decades of experience in working with small and midsized businesses and their CPAs, accountants, attorneys, and other trusted advisors. For more information, please visit www.capitalpayments.com.
About Merchant Services Group
Servicing thousands of merchants nationwide, Merchant Service Group, Inc. understands that offering electronic payments in today's world is a necessity for your business. Merchant Service Group provides an array of electronic payment processing options to retail, restaurant, mail order, telephone order, and Internet businesses. Services include credit, debit and EBT card processing, check conversion and guarantee, electronic gift certificate processing, and equipment leasing and sales.
About Hamilton Investment Partners
Hamilton is a private investment firm that makes equity investments in partnership with superior management teams, focusing primarily on small and middle market buyouts and growth capital financings. Following each investment, Hamilton intends to play an active role on the board of directors in guiding the company and developing its expansion and exit strategies. Together, the firm's partners have completed more than 40 financings over the past 25 years. For more information please visit www.hamiltoninvestment.com.
About Financial Partners
Financial Partners, a business unit of Citi Capital Advisors, seeks to provide primary, secondary and special-situations capital to financial services businesses and companies servicing financial institutions. Financial Partners aims to provide equity, debt or hybrid capital for event-, special situation, or growth, acquisition or recapitalization financing. Its goal is to finance exceptional management teams who can take advantage of the skills and relationships of the Financial Partners investment team to catalyze or accelerate the creation of durable value in their companies. Citi Capital Advisors, a unit of Citigroup Inc., manages $14 billion globally on behalf of institutional, corporate, sovereign and individual investors.
