Repay Holdings to acquire KUBRA for $372M

Repay Holdings (RPAY) “announced a definitive agreement to acquire Kubra Data Transfer LTD. for approximately $372 million. The acquisition will be financed with a combination of cash on hand and debt financing. KUBRA is a leading provider of bill payment and customer communication management solutions serving some of the largest utility and government entities, touching over 40% of households in the US and Canada. KUBRA offers an embedded technology platform comprising six core solutions across multiple verticals. Their highly reoccurring business model serves over 250 clients today with a deeply integrated offering to ERP providers across their core verticals.”