News from the Wire

St. Louis ISO Acquires Reliant Processing Systems, Inc. and Makes Capital Investment in Paylogic, Inc.

Tuesday, December 10, 2019 — 14:30:58 (EST)

St. Louis, MO; Cape Corel, FL; and Lynchburg, VA, 2019 – Premier, a multi-faceted and award-winning ISO and digital marketing company headquartered in St. Louis, MO announced the completion of the acquisition of Reliant Processing Services, Inc. of Cape Coral, FL and a capital investment in Paylogic, Inc. of Lynchberg, VA.

Joe Oglesby, the president of Premier, stated the impact of this announcement, as it “signified an important step in creating strategic relationships in 2019 and growth in 2020.”

“Our industry is in transition,” said Oglesby, “and with a strong capital partner, Premier looks to acquire more ISO’s in need of growth capital or an exit strategy. Both Reliant and Paylogic have a solid client base and independent sales network in the Southwest, Northeast, and West Coast. Our unique suite of digital marketing services fits well within their existing sales channels and merchants, which will provide revenue growth for the current merchant base, as well as opportunities for new merchants.”

Premier is a registered ISO of three of the largest processors. In addition to offering a full suite of merchant services, Premier also offers a range of digital marketing services. For over 20 years, Premier has been committed to serving independent businesses nationwide. For more information about Premier, please visit pbastl.com.

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Source: Company press release.