MIAMI (January 10, 2019) – Holland & Knight represented fintech company CenPOS on its sale to Elavon, a global payments provider and subsidiary of Minneapolis-based commercial bank, U.S. Bancorp. The deal closed on January 8.
The Miami-based CenPOS offers integrated payment software solutions to large enterprises in three areas: automotive, travel and entertainment, and general business-to-business transactions.
Elavon, which is headquartered in Atlanta, provides end-to-end payment processing solutions and services to more than 1.3 million customers in the United States, Europe, Canada, Mexico and Puerto Rico. It is the leading provider for airlines and a top five provider in hospitality, healthcare, retail and public sector/education.
"Elavon recognizes the tremendous potential we have to bring greater value to our customers by integrating with software companies like CenPOS," said Jamie Walker, CEO of Elavon. "More and more, businesses are choosing their payment provider based on the software solutions they use to manage other parts of their operations. With this acquisition, customers of both companies will benefit from the strengths and opportunities these organizations offer in important industry segments."
Holland & Knight's representation of CenPOS was led by Partner Roth Kehoe. He was assisted by Partners Robert Lorndale, Bill Sharp, Bob Friedman, Chris Buch, John Dierking and Betsy Burkhard, and Associates Trevor Ruff and Kaitlyn Downs.
About Holland & Knight's FinTech and Payment Processing Team: The team combines the firm's substantial Financial Services Practice with our cutting-edge Cybersecurity and Data Privacy Practice and a wide range of lawyers from our corporate, tax, intellectual property and benefits practices to service all the needs for companies in the financial technology, transaction processing and payment processing industries. We are founders of the American Transaction Processors Coalition and the P20 Conference, an annual conference of the 20 most prominent executives in the payments industry.
About Holland & Knight's Mergers & Acquisitions Team: With more than 300 attorneys on our Mergers & Acquisitions Team, we provide responsive and comprehensive legal services to public and private companies in their transactions. The practice, which includes strong focus on private equity and middle-market deals, recently launched HK Deal Flow®, a unique program that facilitates deal leads for clients and prospective clients by matching acquisition or capital raising opportunities with buyers and investors.
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