Priority Technology Holdings Inc (PRTH) News & EventsPRTHNews & EventsPriority Technology Holdings Inc

Priority Technology Acquires IntelliPay to Expand Public Sector Business

Priority Technology Holdings announced it has entered into a membership interest purchase agreement to acquire IntelliPay. The acquisition will establish Priority Commerce Government, extending the company's enterprise payments business into the public sector. "IntelliPay has been a longstanding partner and has built a strong business serving state and local municipalities with unique payment acceptance and billing needs," said Tom Priore, CEO of Priority Commerce. "Acquiring high-performing partners in our ecosystem is an important part of our strategy to build out key verticals. Our shared vision for streamlining financial operations in the public sector makes IntelliPay a natural fit as we bring seamless payments and treasury solutions to this critical market."

Priority Reports Q2 Revenue of $262.3M, Beating Expectations

Reports revenue $262.3M, consensus $257.82M. "Strong second quarter results reflect the continued success of Priority's Connected Commerce engine, with over 9% revenue growth and 8% adjusted gross profit growth," said Tom Priore, Chairman & CEO of Priority. "The growing base of partners leveraging our platform for payments and treasury solutions to improve visibility into their financial environment with total command of their cashflow reinforces our belief in our vision for the future of commerce and confidence to affirm our full year 2026 financial guidance."

Adjusted Gross Profit Forecast Ranges from $405 Million to $425 Million

Adjusted gross profit forecast to range between $405 million and $425 million; Adjusted EBITDA forecast to range between $230 million to $245 million.