Deluxe Corporation Acquires Celero Intermediate Holdings LLC

Deluxe Corporation announced on June 17, 2026, that it has entered into an Equity Purchase Agreement and Plan of Merger to acquire Celero Intermediate Holdings LLC for approximately $625 million in cash. The transaction involves Deluxe purchasing all equity securities of BlockerCo from BlockerCo Seller and a merger between Deluxe's subsidiary, Merger Sub, and Celero. The acquisition is expected to close in the third quarter of 2026. Deluxe plans to finance the transaction through its existing revolving credit facility and debt financing. The agreement includes customary closing conditions, such as regulatory approvals under the Hart-Scott-Rodino Antitrust Improvements Act. Representations and warranties from the parties do not survive the closing, with recourse for breaches limited to a buyer-side representations and warranties insurance policy, except in cases of fraud. The acquisition is anticipated to be completed in the third quarter of 2026.