Priority Technology Holdings agreed to be taken private in a transaction valued at about $1.6 billion. An investor group led by chairman and chief executive Thomas Priore will pay $8.05 in cash for each share it does not already own. The transaction is expected to close in the first half of 2027. The company provides payment and banking technology to businesses.
The agreed price represented a 38% premium to Priority’s 18 September closing price and a 65% premium to its unaffected price on 7 November 2025. The final consideration was more than 30% above the investor group’s initial proposal of $6 to $6.15 per share. That increase followed negotiations by a special committee of independent and disinterested directors. The committee unanimously recommended the agreement.
SPECIAL COMMITTEE BACKED THE TERMS
The special committee evaluated the proposal on behalf of shareholders not participating in the buyer group. Its recommendation establishes board support for the agreed terms but does not complete the transaction. The company must still work through the approvals and closing conditions described in the definitive agreement.
Searchlight Capital Partners-advised funds provided equity commitments for part of the financing. Priore does not plan to sell his existing stake to a third party, according to the transaction reporting. Financial disclosures will determine how the purchase price, financing and ownership structure affect the company after completion.
CLOSING IS TARGETED FOR 2027
Going private would move Priority from public-market ownership into a structure controlled by its current chief executive and the investor group. The change would cover a business that connects payments, banking and working-capital services for commercial customers. The announced enterprise value provides the headline scale, while later filings should clarify the detailed financing and consideration mechanics.
The next milestones are the required transaction filings, shareholder and regulatory approvals where applicable, and satisfaction of the remaining closing conditions. Investors will also watch for any changes to the timetable or consideration before the targeted first-half 2027 completion. Until closing, Priority remains a publicly traded company and the agreement remains subject to execution risk.