12 May EVO Acquires Full Ownership of Zenith Merchant Services
Atlanta, GA – May 12, 2017 – EVO Payments International, a leading payments service provider operating throughout North America and Europe, announced today that it has acquired the remaining ownership interest from long-time partner Zenith Merchant Services, a Montreal-based provider of payment processing solutions to small- and medium-sized businesses located throughout the United States and Canada.
“We are excited to welcome the Zenith team into the EVO family,” said Brendan Tansill, EVO President, North America. “We have worked with Zenith for nearly eight years and have been impressed by their ability to grow their organization into a leading provider of payment solutions to the merchant market.”
Zenith partners David Goldfarb, Eric Tavernier, and Diego Vazquez are eager to work with EVO on the continued expansion of their existing business. “We are thankful for the support we have received from EVO over the years,” said Vazquez, managing partner. “Our partnership will provide us with significant growth opportunities throughout North America.”
Zenith’s existing team will remain in place as the combined companies work to increase penetration in both U.S. and Canadian markets. “We recognize the tremendous accomplishments achieved by Zenith in developing proven sales distribution strategies that meet the needs of our merchants,” said Tansill. “We are excited to have the Zenith team help us with our continued North American expansion initiatives.”
The transaction is effective immediately; financial terms were not disclosed.
About EVO Payments International
EVO Payments International is a leading payments service provider of merchant acquiring and processing solutions for merchants, Independent Software Vendors (ISVs), financial institutions, Independent Sales Organizations (ISOs), government organizations and multinational corporations located throughout North America and Europe. A principal member of Visa and MasterCard, EVO offers an array of innovative, reliable and secure payments solutions and merchant services, backed by an uncompromising commitment to exceed the expectations of our customers and partners.