Priority Technology Holdings, Inc. acquired IntelliPay for a base purchase price of $11.5 million plus up to $3.5 million in earnout payments based on gross profit over eight fiscal quarters. The acquisition establishes Priority Commerce Government, expanding the company's enterprise payments business into the public sector. IntelliPay is expected to contribute just over $4 million of incremental revenue for the remainder of 2026. Priority Technology Holdings operates in the financial technology industry, providing payment processing and banking solutions.

Priority Technology Holdings, Inc. reported second quarter 2026 financial results for the period ended June 30, 2026. Revenue increased 9.4% year-over-year to $262.3 million, driven by organic growth of 7.2%. Adjusted gross profit rose 8.1% to $99.9 million, while adjusted EBITDA grew 6.0% to $59.4 million. GAAP net income decreased 9.3% to $9.9 million, and diluted EPS fell to $0.12 from $0.14 in the prior year period. The company affirmed its full-year 2026 guidance, forecasting revenue between $1.01 billion and $1.04 billion, adjusted gross profit of $405 million to $425 million, and adjusted EBITDA of $230 million to $245 million. Priority Technology Holdings operates in the financial technology industry, providing payments, banking, and treasury solutions through its unified commerce platform.