The Strawhecker Group (TSG) is pleased to announce its role as exclusive strategic and financial advisor to Terrapin Financial Services (Terrapin) in their sale to BluePay Processing (BluePay), a leading provider of technology-enabled payment processing for enterprise, small and medium-sized businesses in the United States and Canada.
Founded in 2006, Terrapin is a merchant services company focused on the financial institution channel and has partnerships with over 25 banks in the Mid-Atlantic U.S. This high growth company serves 4,000 merchants processing over $1.2 billion in annual dollar volume.
Terrapin’s leadership team of Joe Posey, Prudence Posey, and Clint Lucas are excited for their company’s new chapter as part of BluePay. “Led by John Rante, BluePay truly fits our strategic, technical and cultural needs, which provides a great opportunity for future success,” explained Joe Posey.
TSG is well versed in the transaction advisory space, having completed business assessments for more than 150 payments companies with values up to $2 Billion in addition to advising on over 20 successfully completed transactions over the past nine years.
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