Thoma Bravo acquires payment processor ABC Financial


Payment processing solution provider ABC Financial Services has been acquired by Thoma Bravo for an undisclosed amount.

US-based ABC Financial is a software and billing provider for the health industry. Through the technology, clients can access payment processing solutions, and club management tools, such as membership management, member and employee schedules, member engagement and automated payment processing.

Currently, the company supports 6,700 health clubs across the US, Canada, Puerto Rico, and Europe.

The investment from Thoma will enable ABC Financial to continue to improve its services, by scaling its operations and product development. Thoma will also enable the company to expand its global presence and add additional products.

ABC Financial president and CEO Paul Schaller said, “As we focus on building our global presence and expanding deeper into the growing health and wellness markets, Thoma Bravo is the perfect strategic partner to help us enter the next stage as a company.”

Financing for the transaction is being supplied by Jefferies Finance, Macquarie Capital and Antares Capital.

Last year, Thoma Bravo made a strategic growth investment into Riskonnect, which is an integrated risk management and GRC solution provider. At the end of the year, Riskonnect went on to acquire cloud-based governance, risk and compliance solution Aruvio.  

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