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M&A movement continues throughout this week with the closings of several previously announced deals as well as EVO Payments’ strategic acquisition in Chile. To start, EVO Payments, in partnership with its joint venture Bci Pagos, announced this week their agreement to acquire Pago Facil, an eCommerce payment gateway in Chile. This acquisition will add approximately 3,000 merchants to the joint venture duo as they seek to further expand into South America. Furthermore, the purchase of this payment gateway brings additional technology capabilities that EVO will leverage in other markets, specifically Mexico and across Latin America. Terms of the agreement are currently not disclosed; however, the acquisition is expected to close in early June.
In other M&A news, Bill.com has completed their previously announced acquisition of Divvy, which went for approximately $2.5 billion in stock and cash. Similarly, Deluxe also announced their closing of its acquisition of First American Payment Systems, which was valued at $960 million in cash. Deluxe initially announced this acquisition in late April. Lastly, Fleetcor has also completed its acquisition of Associated Foreign Exchange (AFEX). Collectively, AFEX and Fleetcor’s Cambridge Global Payments will handle more than $65 billion in annual volume.