Deluxe has signed a definitive agreement to acquire payment-processing company Celero Commerce in an all-cash deal valued at around $625m, plus payment of certain seller transaction expenses and other adjustments.
In a statement yesterday (18 June), Deluxe said the deal advances its ongoing “transformation strategy” to shift the revenue mix towards higher growth Payments and Data segments. On a proforma basis, the combined Payments and Data businesses are expected to represent 57% of 2026 revenues post-closing, compared with 31% in 2020.
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The company will fund the transaction through committed debt financing.
Deluxe president and CEO Barry McCarthy said: “Adding Celero immediately accelerates our transformation and shifts our revenue mix decisively towards our growing Payments and Data segments. Celero has loyal customers, partners, and employees, as well as strong financials and corporate culture, all of which are a natural fit with Deluxe.
“Combined, the two companies will broaden our distribution reach and deepen our presence across key verticals including financial institutions, independent software vendors, and independent sales organisation partner channels.
“At Deluxe, we have a proprietary, fully-scaled processing platform that will compliment and seamlessly integrate with Celero and their technology to deliver a compelling value proposition for customers.”
Headquartered in Nashville, Celero Commerce provides payment processing services, business management software, and data intelligence to small and mid-sized businesses. The company delivered more than $200m in revenue last year.
Deluxe added the combination is expected to strengthen the “go-to-market” approach through a wider partner network and expanded sales coverage.
Celero also brings an established partner base, adding around 60 new partners in 2025, from a base of 375 partners.
Last year, Deluxe and Celero processed around $70bn in combined gross transaction volume.
Deluxe, which is one of the largest paper-cheque producers in US, further added the transaction is expected to be accretive to adjusted EPS in the first year following closing.
Celero Commerce founder and CEO Kevin Jones said: “This is an exciting next chapter for Celero, our employees, partners, and customers.
“At Celero, we’ve always focused on helping businesses thrive through innovative technology, exceptional service, and strong strategic partnerships. Deluxe shares those values, and this combination allows us to accelerate that mission faster than we could have independently.”
The transaction is subject to US regulatory approvals and customary closing conditions. Closing is expected in the third quarter of 2026.
