Deluxe agreed on 18 June to acquire Celero Commerce, a financial technology company serving small and mid-sized merchants, for about $625m in cash.
Why Deluxe Corporation is buying Celero Commerce
Deluxe said Celero accelerates its shift towards its Payments and Data segments, which would account for 57% of 2026 revenue on a pro forma basis against 31% in 2020, and broadens distribution through bank, software and independent sales partners.
Deal terms and financing
The all-cash deal is funded with a $375m incremental Term Loan A from a five-bank syndicate led by BofA Securities and Deluxe's revolving credit facility. Deluxe expected net leverage of about 3.9x and to bring it below 3.0x within 24 months, and the deal to be accretive to adjusted EPS in the first year.
Regulatory approvals and timing
The deal required US regulatory approvals. Deluxe announced on 31 July 2026 that it had closed the acquisition.
Market context
Deluxe and Celero processed about $70bn of combined gross transaction volume in 2025, according to Deluxe, citing Nilson rankings. Dakota listed it among June's largest financial-sector transactions.
