Summary:
1. Acrisure, a global fintech company based in Grand Rapids, MI, is set to acquire Global Payments’ payroll business, Heartland Payroll Solutions, for $1.1 billion.
2. Upon completion, Heartland Payroll will be rebranded and will enhance Acrisure’s payroll and Human Capital Management capabilities.
3. The acquisition will bring Vince Lombardo, with over 20 years of experience in payroll and financial services, to Acrisure as CEO of Heartland Payroll.
Rewritten Article:
Acrisure to Acquire Heartland Payroll Solutions from Global Payments for $1.1 Billion
Acrisure, a leading global fintech company headquartered in Grand Rapids, MI, has announced its plans to acquire Heartland Payroll Solutions from Global Payments for $1.1 billion. This strategic move will further strengthen Acrisure’s position in the payroll and Human Capital Management (HCM) space.
Expansion of Payroll and HCM Capabilities
Following the completion of the acquisition, Heartland Payroll Solutions will undergo a rebranding process and become an integral part of Acrisure’s portfolio. This integration will enhance Acrisure’s current offerings in payroll and HCM, allowing the company to provide a more comprehensive suite of services to its clients.
Heartland Payroll Solutions, currently serving over 50,000 clients, offers a range of payroll solutions, HCM software, and other business services. As part of the transaction, Vince Lombardo, a seasoned executive with extensive experience in payroll and financial services, will join Acrisure as the CEO of Heartland Payroll. Lombardo’s leadership will be instrumental in driving the growth and success of the newly acquired business unit.
Acrisure’s Continued Growth and Success
Under the leadership of Greg Williams, Acrisure has experienced significant growth over the past decade, expanding its revenue from $38 million to nearly $5 billion. The company offers a wide range of services, including insurance, reinsurance, real estate services, cybersecurity defense tools, and now payroll solutions. Acrisure’s recent funding round led by Bain Capital valued the company at $32 billion, reflecting its strong market position and potential for further expansion.
With the acquisition of Heartland Payroll Solutions, Acrisure is poised to solidify its presence in the fintech industry and continue its trajectory of growth and innovation. The deal is expected to close in the second half of 2025, pending regulatory approvals and customary closing conditions.
