Arizona’s Transact Campus snapped up by Roper Technologies in $1.6bn deal
Roper Technologies has agreed to acquire Transact Campus, a US-based provider of campus technology and payment solutions, from its majority owner, Reverence Capital Partners, for a net purchase price of $1.6 billion.
Transact Campus to merge with Roper’s CBORD business
This total, which includes a $100 million tax benefit from the deal, reportedly represents approximately 14 times the projected operating profit for 2025.
Following the anticipated completion of the buyout this quarter, Transact will be combined with Roper’s CBORD business, which provides security, food service, nutrition, and campus commerce solutions for healthcare facilities, universities, and K-12 schools.
The combined entity will operate under both the Transact and CBORD brands, with Transact’s CEO, Nancy Langer, heading the merged company and CBORD’s CEO, Dan Park, assuming the role of chief operating officer (COO).
In 2025, Roper projects that Transact will generate around $325 million in revenue and $105 million in EBITDA.
Headquartered in Scottsdale, Arizona, Transact was acquired from Blackboard in 2019 by Reverence Capital Partners, which also invested $200 million in New York Community Bancorp earlier this year.
Neil Hunn, Roper Technologies’ president and CEO, says Transact “meets all of our acquisition criteria,” which includes “mission critical solutions, strong customer retention, and excellent cash conversion”.
Florida-headquartered Roper Technologies owns a portfolio of brands that design and develop vertical software and technology enabled products for a variety of niche markets. The market segments include legal, construction, shipment, freight, medical, insurance and financial services, among others.
