Capstone Strategic, Inc. (Capstone) announced today that credit union service organization PSCU of St. Petersburg, Florida has acquired Juniper Payments, LLC, the largest cloud-based non-bank third-party provider of inter-bank transaction and reporting systems in the United States
VIENNA, Va., Oct. 10, 2022 /PRNewswire-PRWeb/ -- Capstone Strategic, Inc. (Capstone) announced today that credit union service organization PSCU of St. Petersburg, Florida has acquired Juniper Payments, LLC, the largest cloud-based non-bank third-party provider of inter-bank transaction and reporting systems in the United States. Capstone advised PSCU on the acquisition of Juniper from PITECO S.p.A. and two principal owners, who will continue with the company under PSCU.
Headquartered in Wichita, Kansas, Juniper serves financial institutions and correspondents through an automated banking ecosystem. Their transaction services provide key interfaces and automation to financial institutions by leveraging the company's payment entry, transaction management and connectivity to the Federal Reserve and third-party providers. Through the acquisition, PSCU will add multi-tiered payments – including ACH processing and domestic/international wire remittance – to its solutions set.
"Capstone played a critical role in making this happen. As a result, we are excited to join PSCU, a company whose values and culture are aligned with our own," said Jon Budd, CEO, Juniper Payments. "As an integrated financial technology solutions provider, PSCU's resources and end-to-end portfolio of products, solutions and services will provide added value for our clients. PSCU will continue to invest in the Juniper business and technology, which I'm confident will further unlock Juniper's potential to enable financial institutions of all sizes to be competitive in this evolving space."
"We consider Capstone a valuable partner and a critical part of our M&A process and team. Their experience and focus in the not-for-sale marketplace is a real differentiator. The Juniper deal is another solid output of our partnership," added Vel Davidov, SVP Finance and M&A at PSCU.
"As the leader in CUSO deals, Capstone is honored to be the go-to advisor for PSCU to help achieve their growth strategy through acquisition," said Capstone Partner John Dearing. "Our long-term and on-going relationship with PSCU's leadership team goes back many years and encompasses many successful deals. The acquisition of Juniper is in alignment with their vision of expanding their financial services offerings while helping to provide enhanced experiences downstream for the members of the credit unions they serve. Capstone was pleased to be part of the process."
About Capstone Strategic, Inc.
Capstone Strategic, Inc. is the leader in mergers and acquisitions for credit union service organizations (CUSOs). The firm has helped numerous credit unions and CUSO leaders develop, evaluate, and implement initiatives for growth. Established in 1995 by CEO David Braun, Capstone specializes in strategic not-for-sale acquisitions and corporate growth strategies and has facilitated over $1 billion in transactions in more than 100 industries. For additional information go to the Capstone website at https://www.capstonestrategic.com or call 703-854-1910.
About PSCU
PSCU has leveraged its influence on behalf of credit unions and their members for more than 40 years. As the nation's premier payments CUSO, PSCU supports the success of 1,900 credit unions representing nearly 7 billion transactions annually. PSCU's payment processing, risk management, data and analytics, loyalty programs, digital banking, marketing, strategic consulting and mobile platforms help deliver possibilities and seamless member experiences. 24/7/365 member support is provided by contact centers located throughout the United States. Today, PSCU provides an end-to-end, competitive advantage that enables credit unions to securely grow and meet evolving consumer demands. For more information, visit pscu.com
Media Contact
Brent Holliday, Capstone Strategic, Inc., 703-854-1910, [email protected]
SOURCE Capstone Strategic, Inc.
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