Home / Business and Economy / CEO Leads $1.6B Deal to Take Priority Tech Private
CEO Leads $1.6B Deal to Take Priority Tech Private
21 Sep
Summary
- Priority Technology Holdings is being taken private.
- A deal valued at approximately $1.6 billion was struck.
- The investor group is led by CEO Thomas Priore.
Priority Technology Holdings has agreed to be taken private through a deal valued at approximately $1.6 billion. The acquisition is being led by an investor group headed by the company's Chief Executive Officer, Thomas Priore. This agreement marks a significant transition for Priority Technology Holdings, moving it from public markets to private ownership. The transaction underscores a strategic decision driven by the leadership team to reshape the company's future away from public scrutiny. Further details of the transaction are expected as the process moves forward.
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