Priority Technology Holdings Expands Its Portfolio with Strategic Acquisition and Financing
August 19, 2025 - 17:34
ALPHARETTA, Ga., August 19, 2025—Priority Technology Holdings, Inc. has announced a significant milestone in its growth strategy by successfully acquiring key assets from Boom Commerce. This strategic acquisition is expected to enhance Priority's capabilities in the payments and banking sector, enabling the company to provide more comprehensive solutions for collecting, storing, lending, and sending money.
In conjunction with the acquisition, Priority has also secured a $50 million residual financing credit facility. This financing will bolster the company's financial position and support its ongoing initiatives to unlock new revenue opportunities. The combination of the asset acquisition and the financing facility positions Priority Technology Holdings to further innovate and expand its service offerings.
The leadership team expressed confidence that these developments will not only strengthen the company's market presence but also enhance value for stakeholders. As Priority continues to evolve, it aims to remain at the forefront of the rapidly changing financial technology landscape.
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