Heartland Payment Systems, Inc.
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Heartland Payment Systems, Inc. - overview
Established
1997
Location
Atlanta, GA, US
Primary Industry
Software
About
Heartland is a US-based company specializing in payment processing solutions, offering efficient financial transaction management for small businesses across various sectors. Heartland Payment Systems, founded in 1997, provides payment processing services and integrated solutions for small businesses. The company is headquartered in Atlanta, Georgia, US. Antony Simmons is its founder.
In recent years, Heartland has engaged in 4 deals, with the most recent being an ADD-ON, CORPORATE CARVE OUT on May 28, 2025, where Acrisure, LLC acquired Heartland for USD 1. 1 bn, bringing the total amount raised to USD 3. 8 bn. Heartland Payment Systems offers a comprehensive array of payment processing solutions tailored for small businesses.
Their offerings include point of sale (POS) systems, payroll solutions, and various payment processing services supporting transactions in-store and online. The cloud-based POS software accommodates multiple payment methods such as credit cards, EMV chip cards, gift cards, and mobile wallets. Heartland primarily serves the retail, restaurant, and service sectors, with a growing presence in Canada and Mexico, providing tools for employee management and customer engagement to enhance operational efficiency. In the most recent fiscal year, Heartland Payment Systems reported a revenue of USD 2,682,396,000 with an EBITDA of USD 269,258,000, underscoring its strong revenue generation through transaction fees, subscription services, and B2B partnerships.
Following the acquisition in May 2025, Acrisure, LLC plans to leverage Heartland's capabilities to expand its fintech services, focusing on delivering integrated back-office solutions like payroll, HR, and billing. This will target small and medium-sized businesses through a unified platform, enhancing service offerings. The acquisition will expedite Heartland's strategic growth into new markets, aligning with Acrisure's broader objective of expanding fintech capabilities.
Current Investors
Acrisure, LLC
Primary Industry
Software
Sub Industries
Commercial Banks, Accounting Services, Accounting/Finance Software, HR & Workforce Software
Website
www.heartland.us/
Verticals
Big Data, FinTech, FinTech
Company Stage
Add-on
Total Amount Raised
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Heartland Payment Systems, Inc. - financials
| Fiscal Year Ended | Dec 31, 2006 | Dec 31, 2007 | Dec 31, 2008 | Dec 31, 2009 | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 1,097,041,000 | 1,313,846,000 | 1,544,902,000 | 1,652,139,000 | 1,864,337,000 | 1,996,950,000 | 2,013,436,000 | - | - | - |
| % Revenue Growth (YoY) | - | 19.8% | 17.6% | 6.9% | 12.8% | 7.1% | 0.8% | - | - | - |
| EBITDA (USD) | 88,198,000 | 113,576,000 | 138,764,000 | 128,655,000 | 126,232,000 | 153,008,000 | 183,139,000 | - | - | - |
| Operating Income (USD) | 44,818,000 | 59,769,000 | 70,609,000 | 49,947,000 | 46,215,000 | 77,983,000 | 109,801,000 | - | - | - |
| Operating Margin | 4.1% | 4.5% | 4.6% | 3.0% | 2.5% | 3.9% | 5.5% | - | - | - |
| % EBITDA Margin | 8.0% | 8.6% | 9.0% | 7.8% | 6.8% | 7.7% | 9.1% | - | - | - |
| NET Income (USD) | 28,544,000 | 35,870,000 | 41,840,000 | (51,730,000) | 34,660,000 | 44,347,000 | 66,538,000 | - | - | - |
| % Net Margin | 2.6% | 2.7% | 2.7% | (3.1%) | 1.9% | 2.2% | 3.3% | - | - | - |
Heartland Payment Systems, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Corporate Carve Out | Completed | Heartland Payment Systems, Inc. | - | ||||||||
| Add-on | Completed | SmartLink Division of Heartland Payment Systems | - | ||||||||
| Trade Sale | Completed | Heartland Payment Systems, Inc. | - | ||||||||
| IPO | Completed | Heartland Payment Systems, Inc. | - | ||||||||
| Growth | Completed | Heartland Payment Systems, Inc. | - |
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