Priority Technology to Go Private in $1.6B Deal Led by CEO Priore at $8.05 Per Share

Priority Technology Holdings announced Monday that Chairman and CEO Thomas Priore is leading an investor group to take the payments company private in a transaction valued at approximately $1.6 billion in enterprise value. The group will acquire all shares it does not already own for $8.05 per share in cash, a 65% premium to the Nov. 7, 2025 closing price and a 38% premium to the Sept. 18, 2026 close. A special committee of independent directors unanimously approved the deal after arm's-length negotiations that raised the final offer by more than 30% from the initial proposal. The transaction is backed by equity commitments from Searchlight Capital Partners, which manages $17 billion in assets, and carries no financing conditions. It requires regulatory approval and a majority vote of unaffiliated stockholders, with closing expected in the first half of 2027. Priority shares will be delisted from the Nasdaq Global Select Market upon completion. Barclays advised the special committee; TD Securities served as placement agent.