Acrisure, a rapidly growing global fintech and insurance platform, has entered into a definitive agreement to acquire Heartland Payroll Solutions, the payroll and Human Capital Management (HCM) division of Global Payments Inc. (NYSE: GPN), for $1.1 billion. The acquisition is set to significantly bolster Acrisure’s payroll and HCM capabilities, positioning it as a formidable fintech solutions provider for small and medium-sized businesses (SMEs) across the globe.
Heartland Payroll, which serves over 50,000 clients across the United States, offers payroll processing, HCM software, and other business services. Following the deal’s completion in the second half of 2025, Heartland will be rebranded and fully integrated into Acrisure’s expanding suite of digital services. The transaction remains subject to regulatory approvals and customary closing conditions.
Accelerating Acrisure’s Fintech Strategy
Describing the acquisition as “significant,” Acrisure Co-Founder, Chairman, and CEO Greg Williams highlighted how the move aligns with the company’s broader mission to become a fully scaled and diversified fintech platform.
“We prioritize the needs of our clients and increasingly, that’s a tech-oriented solution that streamlines their back-office operations in important verticals like payroll, compliance and billing,” Williams said. “We’re incredibly excited about partnering with the Heartland Payroll team and look forward to growing this business together.”
This acquisition builds on a series of strategic moves by Acrisure to expand beyond insurance and deepen its fintech offerings. The company’s portfolio now includes services across insurance, reinsurance, real estate, cybersecurity, payroll, and other financial services.
Leadership Continuity and Growth Vision
As part of the deal, Vince Lombardo, currently President of North America Merchant Solutions at Global Payments, will join Acrisure as CEO of Heartland Payroll. Lombardo brings over 20 years of experience in payroll and financial services and will lead the existing Heartland team through the next chapter of its growth.
“Acrisure’s strategic acquisition of Heartland Payroll marks an exciting milestone for our team and will provide our business with sharper focus, accelerated growth and greater investment,” said Lombardo. “I’m honored to join Acrisure and work alongside Greg and the incredible team he’s built.”
Backed by Strong Financials and Strategic Partners
The acquisition comes on the heels of Acrisure’s $2.1 billion funding round led by Bain Capital, which raised the company’s valuation to $32 billion—a nearly 40% increase from its previous round just three years ago. The influx of capital has enabled Acrisure to continue its ambitious expansion plans, with payroll and HCM solutions now taking center stage in its fintech growth strategy.
The deal was facilitated with legal counsel from Skadden, Arps, Slate, Meagher & Flom LLP and Kirkland & Ellis LLP, while Schulte Roth & Zabel LLP served as regulatory counsel. Goldfinch Partners acted as a financial advisor to Acrisure.
What It Means for the Fintech Ecosystem
With this acquisition, Acrisure is poised to compete more directly with established players in the payroll and HCM space such as ADP, Paychex, and Gusto. The move underlines a broader trend of convergence between fintech, HR tech, and insurtech, where streamlined, technology-driven platforms are becoming increasingly vital to the success of SMEs.
For Heartland Payroll’s clients, the integration into Acrisure’s broader fintech ecosystem may offer enhanced services, increased innovation, and new synergies in areas such as compliance, insurance bundling, and business financing.
As fintech companies look to diversify their offerings and consolidate market share, Acrisure’s bold step reinforces its intent to become not just a multi-service provider, but a one-stop digital platform for business operations.