OMAHA, Neb.--(BUSINESS WIRE)--The Strawhecker Group (TSG) is pleased to announce its role as exclusive strategic and financial advisor to Terrapin Financial Services (Terrapin) in their sale to BluePay Processing (BluePay), a leading provider of technology-enabled payment processing for enterprise, small and medium-sized businesses in the United States and Canada.
Founded in 2006, Terrapin is a merchant services company focused on the financial institution channel and has partnerships with over 25 banks in the Mid-Atlantic U.S. This high growth company serves 4,000 merchants processing over $1.2 billion in annual dollar volume.
Terrapin’s leadership team of Joe Posey, Prudence Posey, and Clint Lucas are excited for their company’s new chapter as part of BluePay. “Led by John Rante, BluePay truly fits our strategic, technical and cultural needs, which provides a great opportunity for future success,” explained Joe Posey.
TSG is well versed in the transaction advisory space, having completed business assessments for more than 150 payments companies with values up to $2 Billion in addition to advising on over 20 successfully completed transactions over the past nine years.
About TSG
The Strawhecker Group (TSG) is a management
consulting company focused on the payments industry. The company
specializes in providing financial institutions, merchant acquirers,
card associations, ISOs, processing companies, large merchants, and the
investment community with advisory services to maximize their growth and
profitability. TSG is also a source of consumer spending data, industry
research, benchmark studies and developing trends. For more information
please visit www.TheStrawGroup.com.
About Terrapin
Terrapin Financial Services, L.L.C. is a
local firm specializing in merchant processing services including
credit/debit card processing, gift cards and ecommerce. We
operate in Maryland, Virginia, Pennsylvania, Delaware and the District
of Columbia. The principals of the company have more than 60 years
combined payment, card, and banking industry experience. For more
information please visit www.terrapinfinancial.com.
About BluePay
BluePay is a leading provider of
technology-enabled payment processing for enterprise, small and
medium-sized businesses in the United States and Canada. Through
physical POS, online, mobile interfaces and software integration,
BluePay processes business-to-consumer and business-to-business payments
while providing real-time settlement, reporting and reconciliation,
along with robust security features such as tokenization and
point-to-point encryption. For more information, please visit www.bluepay.com.
