Deluxe agrees $625m acquisition of Celero Commerce

By Milan Rojan

Deluxe has entered into a definitive agreement to acquire payment technology provider Celero Commerce for approximately $625 million, in a move designed to accelerate the company’s transformation towards higher-growth payments and data businesses.

Celero provides integrated payment processing solutions for small and medium-sized businesses (SMBs) and strategic partners across the United States. The company combines omnichannel payment capabilities with customer support services, helping merchants manage transactions across multiple channels.

Barry McCarthy, President and Chief Executive Officer of Deluxe, said: “Adding Celero immediately accelerates our transformation and shifts our revenue mix decisively towards our growing Payments and Data segments. Celero has loyal customers, partners and employees, as well as strong financials and corporate culture, all of which are a natural fit with Deluxe.”

The acquisition is expected to strengthen Deluxe’s position in the payments market while expanding its distribution network and merchant services capabilities. Following completion of the transaction, the company said its Payments and Data businesses are projected to account for 57% of pro-forma 2026 revenues, up from 31% in 2020.

The combined organisation processed approximately $70 billion in gross transaction volume during 2025, positioning it among the ten largest non-bank merchant acquirers in the United States. Deluxe said the increased scale is expected to improve processing efficiency, enhance operating leverage and create opportunities for long-term margin expansion.

Kevin Jones, Founder and Chief Executive Officer of Celero Commerce, said the transaction would create new growth opportunities for customers, partners and employees. “By bringing together Deluxe’s scale, resources and payments capabilities with Celero’s technology, channel expertise and customer-first culture, we believe we’re creating an even stronger platform for our customers and partners,” he said.

The all-cash transaction is subject to customary regulatory approvals and closing conditions. Deluxe expects the acquisition to close during the third quarter of 2026. The deal will be financed through a combination of committed debt financing and the company’s existing revolving credit facility.