Celero Commerce Acquires Petroleum Processing Solutions: Strategic Expansion Positions Celero as a Leader in Fuel, Grocery, and Convenience Retail Processing

NASHVILLE, Tenn.--(BUSINESS WIRE)--Celero Commerce (“Celero”), a financial technology company focused on optimized payment solutions for small to mid-sized businesses and strategic partners, today announced the acquisition of substantially all the assets of Petroleum Processing Solutions (“PPS”), a Massachusetts-based payments provider specializing in pay-at-the-pump and multi-lane retail solutions for independent fuel and convenience merchants nationwide.

This acquisition marks a strategic entry into the fuel sector, building directly on Celero’s 2024 acquisition of Precision Payments, a recognized leader in grocery and convenience store processing. Together, these moves establish Celero as a formidable competitor and preferred provider across fuel, convenience, and grocery retail verticals which represent high-growth, operationally complex segments where specialized technology, compliance expertise, and reliable support are critical to success.

PPS brings proven capabilities in EMV-compliant pay-at-the-pump processing, integrated gateway technology, specialized hardware, and high-touch service tailored to independent and unbranded gas stations, marinas, and multi-lane retailers. Combined with Celero’s strengths in grocery and convenience, the platform now delivers comprehensive capabilities that empower partner banks, ISVs, strategic partners, and merchants to compete and win in these attractive sectors.

"Petroleum Processing Solutions has a long history of excellence in service and support for petroleum and convenience store retailers," said Sandra Young, Founder of PPS. "As a leading payment processor in these verticals, we are deeply integrated with all aspects of the industry. Working with the merchant, fuel suppliers, equipment vendors, and distributors, PPS has what it takes to deliver a seamless and pain-free experience."

"We had been searching for the right partner, one who matched our commitment to providing merchants the tools they need to operate a successful business, and have found one in Celero," Sandra added. "Celero's team has enabled their rapid ascent to a leading merchant service provider, which reflects their values around technology, service, and culture. Together, we will deliver industry leading resources, innovation, and support to fuel, convenience, and multi-lane retailers across North America."

“This acquisition reflects Celero’s deliberate strategy to build leadership in key verticals that enable our partners to thrive,” said Abigail Berard, Chief of Staff, Corporate Development at Celero Commerce. “By combining our established expertise in grocery and convenience, and now PPS’s specialized fuel and pay-at-the-pump capabilities, we are uniquely positioned to deliver integrated, purpose-built solutions that enable partner banks, strategic partners, and merchants to compete and lead in the fuel, convenience, and grocery sectors. We are especially excited about Sandra leading this new fuel segment, bringing deep industry expertise to accelerate our momentum, expand our capabilities, and deliver greater value nationwide.”

The PPS team will continue to operate with its experienced leadership team as Celero integrates its technology and support infrastructure into the broader Celero platform.

Wellesley Hills Financial served as exclusive sell-side advisor to PPS.

About Celero Commerce

Headquartered in Nashville, Celero Commerce is a full-service, integrated electronic commerce solutions provider powered by leading-edge technology, strategic partnerships, and business intelligence. Celero offers small and medium-sized businesses payment processing services, business management software, and data intelligence, empowering them to drive growth and profitability. Visit www.celerocommerce.com to learn more.

About Petroleum Processing Solutions

Based in Southborough, Massachusetts, Petroleum Processing Solutions Inc. is a merchant services company providing payment processing for millions of transactions nationwide. Petroleum Processing Solutions specializes in pay-at-the-pump processing for unbranded, independent gas stations.