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.
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.
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.
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.