---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-002896"
form_type: "8-K"
ticker: "RPAY"
cik: "0001720592"
company_name: "Repay Holdings Corp"
filed_at: "2023-02-15T23:59:59+00:00"
generated_at: "2026-06-19T11:42:11.039192+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# REPAY divests Blue Cow Software for $41M; reaffirms FY2022 guidance

## Summary
- Divested Blue Cow Software (fuel/propane management) to PDI Technologies for ~$41M cash.
- Proceeds to improve financial flexibility, reduce net leverage below 3.0x, and fund M&A.
- Part of strategy to focus on B2B payments and consumer payments verticals.
- REPAY reaffirms FY2022 financial guidance previously provided with Q3 2022 results.
- Transaction is accretive to organic gross profit growth (non-GAAP measure).

## SEC filing metadata
- accession: 0000950170-23-002896
- form_type: 8-K
- ticker: RPAY
- cik: 0001720592
- company_name: Repay Holdings Corp
- filed_at: 2023-02-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1720592/000095017023002896/0000950170-23-002896-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1720592/000095017023002896/rpay-20230215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-002896
- JSON: https://secwatch.observer/filing/0000950170-23-002896.json
- Plain text: https://secwatch.observer/filing/0000950170-23-002896.txt

## Key facts
- Earnings Releases
  Repay Holdings Corp updated its the fiscal year ended December 31, 2022 guidance (reaffirmed).
  - Period: the fiscal year ended December 31, 2022
  - Guidance: reaffirmed
  - Result: guidance update
  source text: REPAY reaffirms its guidance previously provided with third quarter 2022 results.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1720592/000095017023002896/0000950170-23-002896-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.