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Acrisure completes acquisition of Global Payments’ payroll business
ReinsuranceNe.ws· 2025-10-01 16:00
Core Insights - Acrisure has completed the acquisition of Heartland Payroll from Global Payments for $1.1 billion, enhancing its payroll and human capital management capabilities [1][2] Company Overview - Heartland Payroll is one of the largest payroll and human capital management companies in the U.S., with over 50,000 clients, which will now be integrated into Acrisure [2] - The acquisition was first announced in May 2025, indicating a strategic move to expand Acrisure's service offerings [2] Strategic Importance - The CEO of Acrisure emphasized that this transaction is not just about acquiring a business but about understanding client needs and providing comprehensive solutions [3] - The addition of payroll and HCM technology is crucial for small and medium-sized businesses seeking to consolidate their services with a trusted advisor [3] Future Direction - The acquisition marks a significant milestone in Acrisure's goal to become a comprehensive provider of financial service products for small and medium-sized businesses [4] - Heartland Payroll will be rebranded under Acrisure, with Vince Lombardo leading the new AurisSM Payroll and HCM Division, bringing over two decades of experience in payroll and financial services [4][5] Value Proposition - The integration into Acrisure's fintech ecosystem is expected to enhance the value delivered to clients, focusing on simplifying operations and ensuring compliance [6] - The new Auris identity reflects a commitment to empowering small businesses with reliable payroll and HR products and services [6]