Priority Technology To Go Private In $1.6 Billion Deal Led By CEO Thomas Priore

September 21, 2026 - 23:28

Priority Technology Holdings has entered into a definitive agreement to be taken private by an investor group led by Chairman and CEO Thomas Priore in an all-cash transaction carrying an enterprise value of approximately $1.6 billion. The deal marks a significant shift for the payments and fintech company, which has operated as a publicly traded entity in recent years.

Under the terms of the agreement, shareholders will receive cash for their holdings, though specific per-share details were not immediately outlined in the announcement. The transaction is expected to close later this year, subject to customary closing conditions, including regulatory approvals and a vote by the company's stockholders.

Priore, who has led Priority Technology through a period of expansion in the merchant acquiring and integrated payments space, will continue to helm the business once it transitions to private ownership. The move is seen as a way to give the company more flexibility to pursue long-term strategic goals away from the quarterly pressures of public markets.

Priority Technology offers a range of payment processing, banking, and treasury solutions to small and medium-sized businesses. The take-private deal reflects ongoing consolidation and investor interest in the fintech sector, even as broader market conditions remain uneven.