NorthAB LLC

Troy, Michigan

Classification

Private

Financials

Revenue & Profit

Revenue

Valuation

Valuation

Ratios

Revenue / EBITDA
$123 MM
Valuation / Revenue
$123 MM
Valuation / Employees
$123 MM
EBITDA / Revenue
$123 MM
1-Year CAGR (Revenue)
03
3-Year CAGR (Revenue)
11
1-Year CAGR (Employees)
19
3-Year CAGR (Employees)
96

People

Employee Figures

Employees

Key Executives

NameTitleSocialsEmailPhone
John DoeEmployee
--
Jane DoeEmployee
John DoeEmployee
John DoeEmployee

401K

Total Active Participants
1234
No. Participants with Account Balances
56789
Total Liabilities Start of Year
1234
Total Assets Start of Year
56789

Deals

M&A2024-03-15Completed

Seller

Founders Group

Investor Sponsors

NorthBridge PE

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

Target

BrightHealth Technologies

Seller

Early Investors Consortium

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