Priority Technologies (PRTH) Completes Acquisition of DMS

Priority Technology Holdings, Inc. (NASDAQ:PRTH) is one of the 12 Best Fintech Stocks to Buy According to Analysts. On October 2, Priority Technology Holdings, Inc. (NASDAQ:PRTH) reported that it has successfully closed its acquisition of certain assets of DMSJV, LLC, also referred to as Dealer Merchant Services (DMS).

As part of the transaction, Priority Technology Holdings, Inc. (NASDAQ:PRTH) acquired largely all of the assets, including revenue agreements and customer relationships. DMS is a vertically focused reseller in the auto and truck dealership sector.

The leadership team from Dealer Merchant Services, Amberly Allen and Laura Sherman, will also join Priority Technology Holdings, Inc. (NASDAQ:PRTH) as part of this deal.

Tim O’Leary, the Chief Financial Officer of Priority, said:

“We expect the acquisition of DMS to provide approximately $3 million of incremental revenue and just over $1 million of incremental adjusted EBITDA in Q4 2025.”

Priority Technology Holdings, Inc. (NASDAQ:PRTH) is a financial technology company that offers payments and banking solutions for businesses through its connected commerce platform for payables, merchant services, and banking & treasury solutions. It helps streamline collecting, storing, lending, and sending money to create revenue opportunities.

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Disclosure: None. This article is originally published at Insider Monkey.