Priority Commerce Revenue Rises 11% Ahead of Go-Private Deal

Payments and banking solutions provider Priority Commerce published its financial results on November 5, which will be the last ones released by the company as a public company. According to PYMNTS, revenue reached $268.6 million, up 11.3%. The company is set to become private in the first half of 2027, so this report is the last one available to the public.

Revenue and growth

In the second quarter, Priority Commerce's revenue rose 9.2% to $262 million, according to the same source. The company describes its model as a unified platform that combines payables, merchant services, and banking and treasury services. According to the company, its Priority Commerce Engine accelerates cash flow, improves working capital and reduces costs.

The take-private deal

In September, Priority agreed to a proposal from an investor group led by chairman and CEO Thomas Priore. The deal is valued at $1.6 billion. A go-private proposal was first received in November of last year; at that time, Priore already held roughly 58% of the company's shares. He said the agreement will allow Priority Technology Holdings, the owner of Priority Commerce, to achieve its vision for Connected Commerce.

Recent sports partnerships

In recent weeks Priority has been actively expanding its presence in sports. According to PYMNTS, the company became the ticketing payment processing provider for the NFL's Cincinnati Bengals and an official partner of the club, which gives it LED sideline signage at home games at Paycor Stadium, plus hospitality and participation in select team events. In October, Priority announced a partnership with Rally, a marketing and media group for Notre Dame student-athletes, where Rally will use Priority's GameTime platform to administer payments for NIL agreements. In August, a similar partnership was formed with the Tampa Bay Buccaneers, where the company provided ticketing payment processing and access to its Passport treasury platform.