Alston & Bird client Global Payments Inc., a global leader in payment technology services, has entered into a definitive agreement to acquire Heartland Payment Systems, Inc., one of the nation's largest payment companies, for about $4.3 billion in cash and stock.
The deal brings together two of the fastest organic revenue growth businesses in the payments industry and significantly expands Global Payments' U.S. direct small and medium-sized enterprise distribution, merchant base and vertical reach. The combined company will serve 2.5 million merchants globally.
Listed on the New York Stock Exchange, Global Payments is a Fortune 1000 company with merchants and partners in 29 countries throughout North America, Europe, the Asia-Pacific region and Brazil. It is based in Atlanta with approximately 4,500 employees worldwide.
Advising Global Payments is an Alston & Bird team led by partner Mark McElreath (Corporate & Business Transactions), supported by partners Teresa Bonder and Matthew Kent (Antitrust), senior associate Sean Doherty and associate Gerard Hart (Corporate & Business Transactions).