Payments and data company Deluxe is set to acquire small business-focused payments solution firm Celero Commerce, according to a Thursday (June 18) press release. The $625 million deal is designed to help Deluxe derive more revenue from “higher growth” segments, per the release.
Deluxe Corporation (DLX) M&A Call Transcript
Deluxe is purchasing private-equity-backed Celero Commerce, which services small and midsize businesses, for $625 million.
| Media Industry | Communication Services Sector | Barry C. McCarthy CEO | XFRA Exchange | 248019101 CUSIP |
| US Country | 4,571 Employees | 19 May 2026 Last Dividend | 2 Jan 2001 Last Split | 23 Jul 1987 IPO Date |
Deluxe Corporation, initially founded in 1915 as Deluxe Check Printers, Incorporated, has expanded its reach far beyond its original scope, now serving enterprises, small businesses, and financial institutions across the United States, Canada, and Australia. This transformation reflects in its diversified operations across Merchant Services, B2B Payments, Data Solutions, and Print segments. The company's evolution from a check printing firm to a provider of technology-enabled solutions showcases its adaptability and forward-thinking approach. Deluxe Corporation, with its headquarters in Minneapolis, Minnesota, has successfully transitioned into a multi-faceted entity, offering a wide range of services geared towards improving the efficiency, security, and marketing capabilities of its clients.
This segment focuses on empowering small and medium-sized retail and service businesses through credit and debit card authorization, payment systems, and processing services. Deluxe Corporation's Merchant Services are designed to streamline transactions, ensuring ease of use and reliability for businesses engaging in day-to-day transactions.
The B2B Payments segment caters to the intricacies of business transactions, offering treasury management solutions that include remittance and lockbox processing, remote deposit capture, automated receivables management, and cash application processes. Furthermore, it provides payment processing and automated payables management solutions, such as medical payment and Deluxe Payment Exchange services, streamlining the payables and receivables process for businesses.
Deluxe’s Data Solutions segment leverages data-driven strategies to offer marketing solutions, financial institution profitability reporting, and business incorporation services. This suite of services is instrumental in providing businesses and financial institutions with the insights and tools needed for strategic decision-making and growth.
The foundation upon which the company was built, the Print segment continues to be a significant part of Deluxe Corporation's offerings. It encompasses the production of printed personal and business checks, printed business forms, business accessories, and promotional products. Deluxe has maintained its tradition of quality in print services while adapting to the demands of modern business environments.