PayMaxx Pro Auto Dealer Payments Platform Acquired by REPAY
BOSTON, March 13, 2018 /PRNewswire/ -- Preston Todd Advisors has successfully advised PayMaxx Pro, a niche automotive industry payments platform, on their sale to REPAY – Realtime Electronic Payments, a premier provider of advanced payment technology products and electronic transaction processing services to the consumer finance industry. Both companies will benefit from shared resources and cutting-edge technology.
"It was our pleasure to advise Chris Leedom, CEO of PayMaxx Pro on the transaction. We believe there's an exceptional fit between PayMaxx Pro and REPAY and the combined entity will be a significant force in the automotive payments space.", said Lane Gordon, Managing Director of Preston Todd Advisors.
2017 was a record year for Preston Todd's payments and fintech mergers and acquisition practice. "The market for fintech and payments properties is white hot", according to Gordon, "at this point in 2018, we are representing a variety of payments technology companies, including gateways and international payments platforms, large merchant acquirers, and SaaS . We're actively engaged in a number of buy-side projects as well."
About Preston Todd Advisors
Preston Todd Advisors, is a boutique mergers and acquisition firm focused on payments, payments technology and fintech. Preston Todd advises on both sell-side and buy-side transactions involving payment processing companies, payments technology companies, and integrated software vendors (ISVs) with payments integration.
About REPAY
Realtime Electronic Payments (REPAY) is a full-service provider of electronic transaction processing services for a variety of integrated end markets, offering a suite of advanced payment technology products, including credit/debit card processing, ACH processing, consumer-facing payment portals, and electronic bill payment systems. For more information, visit www.REPAY.com.
About PayMaxx Pro
PayMaxx Pro was formed as a division of the Leedom Group in response to a need for a payments technology and processing platform for the automotive industry. PayMaxx Pro offers ACH and card processing through various payment methods and integrated solutions. PayMaxx Pro processes thousands of transactions and over $1 billion annually. For more information, visit www.paymaxxpro.com.
SOURCE Preston Todd Advisors, Inc.
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