Priority Technology Board Backs CEO’s Go-Private Deal at $1.6 Billion Valuation

Priority Technology Holdings has reached a $1.6 billion agreement to be taken private by an investor group led by CEO Thomas Priore, the company announced on Monday, September 21. The investor group will purchase all outstanding shares not already owned for $8.05 per share in cash. The transaction, subject to customary closing conditions, is anticipated to finalize in the first half of 2027.

This deal represents a 38% premium to Priority's closing share price on September 18 and a 65% premium to its closing price on November 11, 2025, the last trading day before the investor group's preliminary proposal became public. An enterprise value of approximately $1.6 billion has been calculated for the transaction. A special committee of independent and disinterested directors unanimously endorsed the proposal, with Michael Passilla, the committee's chair, expressing confidence that the shareholders would benefit from the deal.

Priore stated that the agreement aligns with the company's vision for Connected Commerce and that he is enthusiastic about guiding Priority Technology Holdings into this promising future.