NorthAB LLC
Classification
Private
Financials
Revenue & Profit
Valuation
Ratios
People
Deals
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
Funding
About
About
NorthAB, LLC, operating as North, is a payment solutions company that provides point-of-sale (POS) systems, payment processing, and related financial technologies to merchants across various industries. Founded in 1991 by Marc Gardner, the company is headquartered in Troy, Michigan. North specializes in delivering customized payment solutions that support businesses in physical storefronts, online platforms, and hybrid models, catering to both small merchants and enterprise-level clients. The company emphasizes innovation in payment technology, offering tools like mobile payment systems, card readers, and integrated software to enhance merchant efficiency and customer experience. North has grown through strategic acquisitions and partnerships, expanding its merchant base and service offerings over the years. North's product and service portfolio centers on payment processing and POS solutions designed to streamline transactions and support business growth. Its flagship offerings include the Payanywhere platform, a mobile payment solution that enables merchants to accept card payments via smartphones and tablets, featuring Bluetooth-enabled card readers compatible with major card networks. North also provides customizable POS systems tailored for industries such as retail, hospitality, and e-commerce, integrating payment processing with inventory management, reporting, and customer relationship tools. Additionally, the company offers merchant services like chargeback management, fraud prevention, and loyalty programs, alongside developer tools through its Developer Portal to support third-party integrations. Through acquisitions like Total Merchant Services and PayTrace, North has expanded its capabilities in e-commerce and enterprise-level payment processing, positioning itself as a comprehensive payment solutions provider.
Keywords
Keywords
Classified
Private