M&A · Industrials · Services-Business Services, NEC
Searchlight Capital Partners, L.P. to acquire Priority Technology Holdings, Inc.
Announced Sep 21, 2026 · Pending Oct 30, 2026
Deal value$1.60BEV $1.60B
Premium65.0%To unaffected price
EV / Adj. EBITDA7.2x1.6x EV / Revenue
ConsiderationAll cash$8.05 per share
Transaction
- Acquirer
- Searchlight Capital Partners, L.P.
- Target
- Priority Technology Holdings, Inc. (PRTH)
- Buyer type
- Private equity
- Offer price per share
- $8.05
- Enterprise value
- $1.60B
- Status
- Pending Oct 30, 2026
Deal protections
- Break fee (target pays)
- $15.8M · 1.0%
- Reverse fee (buyer pays)
- $35.3M · 2.2%
- Go-shop
- No-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Not disclosed
- To the target
- Barclays
Sector context · Industrials
- Comparable deals
- 97 in the prior 24 months
- Premium
- 65.0% vs. 37.0% sector median
- EV / Adj. EBITDA
- 7.2x vs. 11.6x sector median
- Break fee
- 1.0% vs. 2.9% sector median
Timeline
- AnnouncedSep 21, 2026
- Proxy filedOct 30, 2026
- Definitive proxyPending
- Shareholder votePending
- ClosedPending
Valuation · fairness opinions
Trading comparables$5.74$9.92
Trading comparables$4.04$8.14
Trading comparables$3.83$8.28
Precedent transactions$8.53$16.88
Precedent transactions$7.26$15.66
Offer $8.05
Implied value per Priority Technology Holdings, Inc. share by analysis, from Barclays.