i3 Merchant Solutions Merger with i3 Verticals Fuels Growth Plans
(Cincinnati, OH and Nashville, TN) August 10, 2015 – i3 Merchant Solutions, a payment processor with an annual volume of more than $2 billion in credit card processing, announced today that it will fuel its strategic growth plans by merging with i3 Verticals, LLC based in Nashville, TN. i3 Verticals, LLC is a technology and integrated payments provider for a range of industry verticals throughout the United States.
“Joining forces with i3 Verticals will provide us the resources and products necessary to execute our aggressive growth strategy in key industry verticals,” said Ryan Rybolt, CEO of i3 Merchant Solutions™. “Over the past 10 years i3 Merchant Solutions™ has established a trusted brand in our community, and we will continue to expand that presence regionally. The merger with i3 Verticals aligns us with a partner who shares a vision to scale our brand nationally and drive further expansion into emerging industry verticals.”
“i3 Merchant Solutions’ reputation within the industry, along with their strength in the business-to-business and municipal payments space made them a top candidate for our growth plans,” remarked Greg Daily, CEO of i3 Verticals. “The merger with i3 Merchant Solutions™ continues our commitment to investing in growing industry verticals. It was fortuitous timing that our growth strategies intersected.”
Tom DeBord, Joff Moine, and Ryan Rybolt founded i3 Merchant Solutions™ in 2005 with a focus on serving small to mid-size businesses in need of a more transparent approach to payment processing. Since i3 Merchant Solutions’ inception that strategy has evolved into delivering sophisticated payment solutions to emerging industries, such as manufacturing, professional services, contractor services, and municipalities.
i3 Merchant Solutions™ processes over 20 million transactions for thousands of customers every year, representing more than $2 billion in annual credit card processing volume. Through a portfolio of 150 partnerships, i3 Merchant Solutions™ works with clients to provide high tech processing solutions and affordable merchant processing fees.
i3 Merchant Solutions has been listed on the Inc. 5000 list of America’s Fastest Growing Private Companies for the last four years. i3 Merchant Solutions was recognized with the Better Business Bureau (BBB) Torch Award for Marketplace Ethics in 2014.
About i3 Verticals, LLC
Based in Nashville, TN, i3 Verticals, LLC is a technology and integrated payments provider for a range of industry verticals throughout the United States. i3 Verticals intends to make additional acquisitions and become a leader in distinct, growing verticals by helping customers improve their operating efficiencies, enhance revenues, and streamline their payment processing functions. Learn more at www.i3verticals.com.
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