Acrisure acquires payroll business from Global Payments for $1.1 billion
Acrisure announced the signing of a definitive agreement to acquire Global Payments’ payroll business, Heartland Payroll Solutions, “one of the leading” payroll and human capital management companies in the US for $1.1 billion.
The purchase of Global Payments’ payroll business is expected to close in the second half of 2025, subject to regulatory approvals and customary closing conditions.
Upon completion of the transaction, Heartland Payroll – which will be rebranded after closing – will significantly expand Acrisure’s current payroll and HCM capabilities and advance its mission to become “the preeminent fintech solutions provider for millions of small and medium-sized businesses domestically and abroad.”
Heartland Payroll currently provides payroll solutions, HCM software, and other business services to more than 50,000 clients. Vince Lombardo will join Acrisure as part of the transaction and serve as the CEO of Heartland Payroll, leading its existing best-in-class management team.
Lombardo brings over 20 years of leadership experience in payroll and financial services, most recently as the President of North America Merchant Solutions at Global Payments.
Acrisure’s full suite of offerings, include insurance, reinsurance, real estate services, cybersecurity defense tools, payroll, and other essential services to small and medium-sized businesses. Acrisure recently announced that it raised $2.1 billion in a funding round led by Bain Capital which saw the company valuation rise to $32 billion, a nearly 40% increase from its previous funding round only three years ago.
“This significant acquisition accelerates our successful transformation into a fully scaled and diversified fintech platform. We prioritize the needs of our clients and increasingly, that’s a tech-oriented solution that streamlines their back-office operations in important verticals like payroll, compliance and billing. We’re incredibly excited about partnering with the Heartland Payroll team and look forward to growing this business together.” – Greg Williams, Co-Founder, Chairman and CEO of Acrisure.
“Acrisure’s strategic acquisition of Heartland Payroll marks an exciting milestone for our team and will provide our business with sharper focus, accelerated growth and greater investment. I’m honored to join Acrisure and work alongside Greg and the incredible team he’s built as we continue to build the most comprehensive provider of financial service products for businesses around the world.” – Vince Lombardo.
