Deluxe Completes Celero Deal, Raises Payments Scale
The payments company expects more than $15 million in annual cost synergies from the acquisition.
Deluxe Corporation (DLX) completed its acquisition of merchant-payments provider Celero Commerce, advancing a transaction that had been announced under a definitive agreement on June 18.
The closing shifted Deluxe’s focus to integration and an earlier update of its 2026 outlook. The company had previously kept its guidance unchanged and planned to revise it during the third quarter after the transaction closed; it now plans to provide updated guidance with second-quarter results on Aug. 5.
Deluxe expects the combined business to process more than $70 billion in annual gross transaction volume. Celero processed approximately $70 billion in 2025, making the updated figure a modest increase from the volume cited when the deal was announced.
The acquisition is expected to add more than 55,000 merchant relationships and 130 bank partners. Celero serves an active base of 375 partners, including approximately 60 added during 2025.
Deluxe also quantified the expected cost savings for the first time, putting annual synergies at more than $15 million. Its June announcement had described the synergy opportunities as significant without assigning a dollar amount.
The transaction had carried a disclosed price of $625 million, plus seller expenses and other adjustments, when it was announced. Deluxe did not repeat that figure at closing, leaving the Aug. 5 outlook update as the next measure of Celero’s effect on the company’s 2026 financial profile.