Priority Technology acquires IntelliPay for $11.5M plus earnout; expands into public sector

Priority Technology Holdings, Inc.

PPS subsidiary bought all membership interests of Convenient Payments, LLC (IntelliPay) for $11.5M base plus up to $3.5M earnout.
Earnout tied to gross profit over up to eight fiscal quarters post-close, capped at $3.5M.
New Priority Commerce Government vertical expected to add just over $4M incremental 2026 revenue.
IntelliPay serves government, education, and healthcare payment acceptance; CEO Casey Leloux remains.
Deal closed August 25, 2026; supported by Priority Technology's guarantee of PPS payment obligations.

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