Acrisure to buy Global Payments’ payroll unit
- May 17, 2025
- Posted by: Web workers
- Category: Workers Comp
(Reuters) — Global Payments said Wednesday that it would sell its payroll division, Heartland Payroll Solutions, to financial technology firm Acrisure for $1.1 billion.
The deal comes when Acrisure is expanding beyond its core insurance brokerage business.
The Grand Rapids, Michigan-based company had raised $2.1 billion at a $32 billion valuation in a Bain Capital-led funding round earlier this month.
“This significant acquisition accelerates our successful transformation into a fully scaled and diversified fintech platform,” said Acrisure CEO Greg Williams.
Global Payments will partner with Acrisure to continue providing human capital management and payroll offerings to its merchant customers.
Atlanta-based Global Payments has been reviewing its business recently, selling off smaller units to become a pure-play payments processor to clients and improve profitability, which has taken a hit in recent quarters.
Founded in 1997, Heartland Payroll caters to more than 50,000 clients, including Marathon Petroleum and Burger King, and will be rebranded after the deal closes — expected in the second half of 2025.
