Global Payments Sells Payroll Unit to Fintech Acrisure for $1.1 Billion in Strategic Move

In a significant development in the fintech and payments industry, Global Payments has announced the sale of its payroll division, Heartland Payroll Solutions, to Michigan-based financial technology firm Acrisure for a staggering $1.1 billion. The deal, revealed on May 28, 2025, marks a strategic shift for Global Payments as it aims to streamline operations and focus on its core merchant services and commerce solutions.

Heartland Payroll Solutions, which serves over 50,000 clients, offers payroll, HR, and billing technology services. This acquisition is expected to bolster Acrisure’s position as a global fintech leader, enhancing its product offerings with cutting-edge payroll solutions. Acrisure’s CEO, Greg Williams, emphasized the transformative potential of this deal for the company’s growth trajectory.

The transaction is slated to close in the second half of 2025, pending regulatory approvals and customary closing conditions. Global Payments stated that divesting this unit will allow the company to amplify investments in its primary business areas, a move lauded by industry analysts as a step toward greater operational efficiency.

This sale is part of a broader trend in the payments industry, where companies are increasingly focusing on core competencies by offloading non-core assets. For Acrisure, backed by Bain Capital, this acquisition aligns with its strategy to expand its fintech portfolio and deliver comprehensive financial solutions to clients worldwide.

Global Payments’ stock saw a positive reaction following the announcement, reflecting investor confidence in the company’s refined focus. The deal underscores the growing importance of payroll and HR technology in the fintech space, as businesses seek integrated solutions to manage their workforce efficiently.

As the fintech landscape continues to evolve, this $1.1 billion transaction between Global Payments and Acrisure is poised to reshape competitive dynamics, setting the stage for further innovation and consolidation in the sector.