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Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and software solutions, has announced that it will sell its payroll business, known as Heartland Payroll Solutions, to the financial technology company Acrisure for $1.1 billion.
This divestiture is part of Global Payments’ broader strategy to simplify its business and sharpen its focus on being a pure-play commerce solutions provider for merchants of all sizes. The company has been actively undertaking a transformation program, which has also included agreements to divest its Issuer Solutions business and acquire Worldpay, as well as the sale of AdvancedMD.
Global Payments plans to use the proceeds from this sale to return capital to its shareholders.
As part of the deal, Global Payments has also entered into a long-term commercial partnership with Acrisure. This agreement will allow Global Payments to continue offering human capital management and payroll services to its merchant customers as part of its comprehensive suite of commerce enablement products.
The transaction is expected to close in the second half of 2025, subject to regulatory approvals and other customary closing conditions.
About Global Payments:
Global Payments is a Fortune 500 company that provides payment technology and services to merchants, issuers, and consumers globally. They offer solutions for processing credit cards, debit cards, and digital and contactless payments, along with integrated payments, e-commerce, and omni-channel services. Through its TSYS segment, Global Payments also helps banks manage credit and debit card portfolios.
About Acrisure:
Acrisure is a financial technology and insurance company headquartered in Grand Rapids, Michigan. While initially focused on acquiring insurance companies, Acrisure has expanded its offerings to include a wide range of business solutions. These include insurance, employee benefits, cybersecurity, risk management, and now significantly, payroll solutions with the acquisition of Heartland Payroll. The company emphasizes combining human insight with advanced technology, including AI, to provide tailored solutions for businesses of all sizes.

Video courtesy of KDPW

Video courtesy of KDPW