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Capstone Headwaters Advises APSPayments on its Acquisition by Repay Holdings

October 2019

Boston, MA – Capstone Headwaters, a premier international middle-market investment bank, advised APS Payments (“APS”), provider of business to business (B2B) integrated payments solutions for the ERP channel, on its acquisition by Repay Holdings Corporation (Nasdaq:RPAY or “Repay”), a leading provider of vertically-integrated payment solutions. Terms of the deal were not disclosed. 

Based in Mesa, AZ, APS was founded in 2008 as an integrated payments provider focused on the B2B vertical.  APS goes to market in the B2B vertical through key integrations with leading ERP and accounting software platforms in the U.S.

“Capstone Headwaters’ deep understanding of our company and the payments industry combined with their experience in dealing with every aspect of the M&A process from the time we entered the market until closing was critical to getting this over the goal line with Repay,” commented David Ford, Founder and CEO of APS.

“David Francione, head of Capstone Headwaters’ FinTech practice, and his team provided highly specialized counsel on key issues and were available 24/7 to address any of our concerns that allowed us to consummate this successful transaction,” added Phillip Heath, President of APS.

“Repay’s ability to leverage APS’ vast ERP and accounting software integrations platform will allow APS to accelerate its rapid growth by taking advantage of the infrastructure and technology of Repay. There is a significant opportunity in the B2B integrated payments area and APS has developed a solution for this channel,” commented David Francione, Managing Director of FinTech for Capstone Headwaters.

Capstone Headwaters was uniquely positioned to advise on this deal, given its deep industry experience in the FinTech and payments space. David Francione, Managing Director at Capstone Headwaters led this transaction.

“Capstone Headwaters’ deep understanding of our company and the payments industry combined with their experience in dealing with every aspect of the M&A process from the time we entered the market until closing was critical to getting this over the goal line with Repay.” 
David Ford
Founder and CEO
APS Payments