TSYS To Buy TransFirst For Approx. $2.35 Bln - Quick Facts

(RTTNews) - TSYS (TSS) announced it has entered into a definitive agreement with Vista Equity Partners to acquire TransFirst, a Vista portfolio company and leading U.S. merchant solutions provider, in an all-cash transaction valued at approximately $2.35 billion. TSYS expects the transaction to be accretive in the low double digits to adjusted EPS for the first twelve-month period following closing, excluding one-time acquisition-related fees and expenses.

TransFirst delivers merchant solutions to more than 235,000 small and medium-sized businesses in the U.S. through its technology, end-to-end customized and multi-channel products and superior customer service.

Effective with the closing of the transaction, Mark Pyke, senior executive vice president and president of the TSYS Merchant segment, will be leaving TSYS. Shlonsky will assume Mark's duties and responsibilities for the combined businesses.