Deluxe Company (NYSE:DLX) reached agreement on acquisition of Nashville-based Celero Trading for approximately $625 million in cash, plus some vendor-related expenses and adjustments. The transaction, announced on June 18, 2026, marks an important step in Deluxe’s ongoing transition towards higher growth digital payments and data services.
Deluxe, the Minneapolis-based company long associated with the pocket checkbook more than a century ago, now operates as a comprehensive payment and settlement facility. data solution provider.
It has more than $2 trillion in annual payment volume while supporting millions of small businesses, thousands of financial institutions, and major consumer brands.
Celero Commerce specializes in integrated payment processing solutions designed for small and medium-sized businesses.
The firm combines advanced omnichannel payment technology with personalized, localized support and additional tools such as business management software and data analytics.
This approach helps sellers increase efficiency, increase growth, and increase profitability.
Celero generated more than $200 million in revenue in 2025 and achieved 28% adjusted EBITDA margin with strong free market performance. advance flow transformation.
This acquisition is expected to accelerate Deluxe’s strategic transformation.
On a pro forma basis after closing, the combined Payments and Data segments are projected to represent 57% of 2026 revenues, up significantly from 31% in 2020.
Together, the two companies will achieve gross transaction volume of approximately $70 billion in 2025, positioning the combined entity among the world’s largest non-bank business acquisition companies. United States.
Barry McCarthyDeluxe President and CEO stated that the addition of Celero will immediately advance the company’s development by strengthening and expanding distribution channels. technology expanding capabilities and reach across key partner networks, including banks, independent software vendors and sales organizations.
He highlighted Celero’s dedicated customer base, experienced team and cultural fit as strong complements to Deluxe’s existing platform.
Kevin JonesFounder and CEO of Celero Commerce described this merger as an exciting new chapter that will allow both organizations to more effectively scale their shared focus on innovative technology and customer-focused service.
He noted that partnering with Deluxe’s resources and infrastructure will open greater opportunities for growth and value delivery to merchants and partners.
Financially, the deal is expected to be accretive to adjusted earnings per share in the first full year after closing.
It is also expected to support higher revenue growth and improved EBITDA margins, aided by additional revenue synergy potential as well as more than $15 million in identified cost synergies to be realized over 24 months.
Deluxe’s net leverage ratio at closing is projected to be approximately 3.9x, and there is a clear path to reduce this ratio below 3.0x within 24 months through ongoing debt repayment.
process will be financed through a committed $375 million incremental Term Loan A facility led by BofA SecuritiesPowered by draws on Deluxe’s existing revolving line of credit.
Remains tied to tradition regulator approvals and closing conditions are targeted for completion in the third quarter of 2026.
Deluxe reaffirmed its previously published 2026 full-year guidance and to agree closes.
This win underline The broader industry trend of legacy financial services companies investing in digital capabilities to meet the evolving needs of small and medium-sized businesses. By integrating Celero’s proprietary commercial solutions with its own scale products infrastructureDeluxe aims to provide a more comprehensive and competitive offering in the industry. payments space.
