Purepay Enters Payments Private Equity Marketplace

Purepay will apply its “Acquire. Extend. Grow.” methodology to the dynamic payments industry.

Steve Valachovic, managing director of Purepay, said, “Acquire, Extend and Grow targets companies aligned with the firm’s investment themes and industry mapping, builds on the acquisitions’ corporate strengths and executes organic growth strategies for sustained success.”

Purepay will utilize this methodology to acquire smaller to mid-sized payments vehicles with unique capabilities, and work with management teams to extend those capabilities and accelerate organic growth.

“Our objective is to make sound investments through thoughtful acquisitions of payments companies that have yet to realize their full potential,” said Managing Director John Cullen. “Our investment process considers technological, structural and regulatory changes to achieve above-average returns with marginal incremental risk.”

The company targets a broad set of payments and transaction processing capabilities within the financial services industry. Purepay’s target investments include Cash Management, Check 21, ARC, Remote Capture, Stored Value Cards, Payments BPOs, ACH Platforms, Mobile Banking and Micro Payments companies.

Purepay acquires growing companies, extends their existing capabilities, and accelerates organic growth with the intent of operating the companies’ long term. For more information, visit www.pure-pay.com.