Priority going private at $1.6B

Priority Technology's board unanimously backed a deal to take the payments company private. CEO Thomas Priore leads the investor group acquiring all outstanding shares at $8.05 per share.

Deal represents massive premium

The $8.05 per share price is a 38% premium to Priority's closing price on September 18 and a 65% premium to its price before the go-private proposal was disclosed in November 2025.

Board committee backs the deal

A special committee of independent directors unanimously recommended the transaction. Committee chair Michael Passilla said it's the best path for unaffiliated shareholders to realize value from their investment.

“We believe this is the best path for the unaffiliated stockholders to realize the significant value from their investment in the Company.”

Priore already controlled majority

Priore held about 58% of Priority's outstanding shares when he first proposed the go-private deal in November 2025. The investor group will now acquire the remaining shares.

Strong financial performance

Priority reported second quarter revenue of $262.3 million, up 9% year over year. The company reaffirmed full-year 2026 guidance of 6% to 9% revenue growth and $1.01 billion to $1.04 billion in revenue.

Deal closes in first half 2027

The transaction is subject to customary closing conditions and is expected to close in the first half of 2027. Priore said the deal positions Priority to achieve its vision for Connected Commerce.