Global Payments To Divest Payroll Business To Acrisure For $1.1B As Part Of Simplifying Its Business

Payment technology and software solutions provider Global Payments (GPN) has agreed to divest its Payroll business to financial technology company Acrisure for $1.1 billion.

The company intends to use the after-tax proceeds from the sale to return capital to shareholders while maintaining leverage neutrality. The transaction is expected to close in the second half of 2025.

Global Payments said that the divestiture is the latest step in the firm’s efforts to further simplify its business.

CEO Cameron Bready expressed optimism about the progress in the firm’s transformation program. "This transaction further sharpens our strategic focus and allows us to amplify investment in the markets and solutions where we are most differentiated, while also positioning the payroll business to benefit from greater scale and investment moving forward,” Bready said.

Global Payments has also entered into a mutual referral agreement and long-term commercial partnership with Acrisure, under which the former will continue to deliver fully integrated human capital management and payroll offerings to its merchant customers as part of its suite of commerce enablement solutions.

Last month, the company announced it would divest its Issuer Solutions business to FIS for $13.5 billion and acquire Worldpay from GTCR and FIS for a net purchase price of $22.7 billion.

On a combined basis, Global Payments and Worldpay will serve more than six million customers across the merchant spectrum, enabling 94 billion transactions and $3.7 trillion in annual payment volume.

CFO Josh Whipple said in the latest quarterly earnings report that the company’s strategic initiatives will enable it to quickly and fully integrate Worldpay and realize the synergy benefits that will provide greater conviction in its medium-term guidance and ability to accelerate long-term revenue growth.

Following the announcement, Global Payments stock traded 0.79% in the pre-market session. The stock has declined by over 32% in 2025 and by 25% in the past 12 months.

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