Priority Technology to Acquire IntelliPay
The payments company said the deal will create Priority Commerce Government, extending its enterprise payments platform into state and local municipalities.
Priority Technology Holdings, Inc. (PRTH) said it has agreed to acquire IntelliPay, a partner that serves state and local municipalities with payment acceptance and billing products, in a move that will establish a new government-focused unit called Priority Commerce Government.
The company did not disclose a purchase price, a cash-versus-stock mix, an exchange ratio, or an expected closing date. The announcement described the transaction as a definitive agreement and framed it as an extension of Priority’s enterprise payments business into the public sector.
Tom Priore, chief executive of Priority Commerce, said IntelliPay had been a longstanding partner and had built a strong business serving state and local municipalities with unique payment acceptance and billing needs. He said acquiring high-performing partners in the company’s ecosystem is an important part of its strategy to build out key verticals.
That vertical build-out is the through-line of the deal. Priority Commerce Engine, the company’s unified platform, already combines merchant services, payables, and banking and treasury tools for customers ranging from consumers and small businesses to sports franchises, property managers, and payroll and benefits providers. The new government unit would add a public-sector customer base that sits outside those existing end markets.
The company has been adding vertically focused partners in recent quarters. In October 2025, it closed the acquisition of certain assets of Dealer Merchant Services, a reseller in the auto and truck dealership sector, taking in revenue agreements and customer relationships and bringing in the Dealer Merchant Services leadership team. That deal was partly financed with a $35 million increase in a $1.0 billion broadly syndicated term loan.
In the same period, Priority also acquired assets of Boom Commerce, an existing reseller partner, and secured a $50 million delayed-draw term loan facility to finance eligible residual and loan receivables. Those moves were presented as ways to deepen distribution through the company’s ISO and ISV reseller network.
IntelliPay differs from those reseller purchases in that the company described it as a partner with its own municipal payment-acceptance and billing business rather than a distribution channel. The government unit would sit alongside the existing Priority Commerce Engine stack, which the company describes as a native platform for managing money movement in complex multi-party environments.
The company said the acquisition will establish Priority Commerce Government. It did not provide revenue, EBITDA, or customer-count figures for IntelliPay, and it did not say how the government unit would be reported in future results.