Merchant Lynx Acquisition of National Credit Card Processing Group: Key Details

Merchant Lynx, a prominent merchant acquirer ranked among the top fifty, recently announced its strategic expansion with the acquisition of NCCP. NCCP Group, established in 2019 by Peter Brickman and headquartered in Long Island, NY, specializes in offering payment acceptance services and advanced B2B technology solutions.  We have listed some key details about the Merchant Lynx Acquisition of NCCP group and the pros and cons of the same.

NCCP Group specializes in providing payment acceptance services and cutting-edge technology solutions to the B2B sector. Their primary areas of expertise encompass industries such as heavy-duty trucking parts and repairs, construction, concrete ready mix, aggregate supply, asphalt, and highway civil construction. Notably, NCCP Group has achieved remarkable growth, doubling in size over the past two years.

Merchant Lynx, on the other hand, is recognized for its excellence and awarded for its services, operates as an ISO with a strong focus on sectors like hospitality, auto services, and various rapidly growing SAAS businesses. The company has consistently experienced remarkable organic growth and expansion through strategic acquisitions, with more such acquisitions on the horizon.

Key takeaways:

• An Independent sales company known as the Merchant Lynx has moved forward with acquiring payment processor and provider NCCP, as announced by both companies last week. 
• Merchant Lynx, headquartered in Palm Beach, Florida, primarily serves merchant clients within the auto services and hospitality sectors. 
• Meanwhile, NCCP Group, in Long Island, NY, specializes in B2B payment processing and other FinTech services, focusing on different sets of businesses such as trucking parts, civil constructions for highways, and construction, according to the press release by the company. 
• The acquisition was finalized on June 30, as confirmed by AJ Cross, who is the Vice President of the Administration and Human Resources for the Merchant Lynx, during an interview. Cross, however, did not disclose the terms and conditions of the acquisition.

Merchant Lynx Acquisition of NCCP Group – Key Details

Merchant Lynx is excited to announce its acquisition of NCCP Group, marking a significant milestone in the company’s strategic expansion efforts. NCCP Group is a prominent provider of payment acceptance services and technology solutions catering to the B2B sector, and it has achieved remarkable growth, doubling its size within the past two years.

Merchant Lynx, an award-winning ISO, has a primary focus on serving the hospitality and auto service verticals, along with various other rapidly growing SAAS businesses. The company has demonstrated exceptional organic growth and an active acquisition strategy, with more acquisitions on the horizon.

This acquisition exemplifies a perfect strategic fit, showcasing the enthusiasm and dedication of both parties involved in the transaction, from the initial stages through closing. The leadership at Merchant Lynx is thrilled to welcome NCCP under its umbrella, poised to leverage its expansion into markets where it has already achieved substantial success.

Peter Brickman, Founder and President of NCCP Group, expressed excitement about the deal, emphasizing NCCP Group’s continued commitment to serving predominantly B2B industries crucial to the nation’s infrastructure. With the robust technological offerings and exceptional customer support of the Merchant Lynx, he anticipates strengthening relationships with industry partners and the customer base.

MAPP Advisors played a crucial role as an advisor in facilitating the transaction. Jim Battista, Managing Partner, highlighted the firm’s commitment to fostering lasting partnerships that result in mutually beneficial outcomes. He noted that NCCP Group has been a growth leader in the construction and auto services verticals, and with the support of the Merchant Lynx, they will have access to new products to further excel in these sectors and beyond. Both companies share a common vision of providing clients with an expanded array of products, cutting-edge technology, and resources for rapid growth. MAPP Advisors eagerly anticipates advising on the future endeavors of both organizations.

Peter Brickman will continue to lead the new Merchant Lynx division within NCCP Group, collaborating closely with Merchant Lynx leadership to ensure a seamless transition while upholding NCCP Group’s esteemed reputation. With over 26 years of industry leadership, Merchant Lynx brings a wealth of experience to this perfect partnership, aligning expertise and resources for continued success.

About Merchant Lynx

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Merchant Lynx, trading as Groundhog Ente­rprises, is a merchant account provider locate­d in Palm Beach Gardens, Florida. The company also has office­s in Massachusetts and New York. While the­y claim to have been e­stablished in the credit card proce­ssing industry since 1994, according to the Bette­r Business Bureau records, the­ir founding year is listed as 2006 with no complaints filed prior to 2005.

Merchant Lynx has forme­d important partnerships with leading companies in the­ payment processing industry. They re­ly on iPayment for their payment proce­ssing network and First Data (now Fiserv) for equipme­nt leases. Merchant Lynx offe­rs a wide range of payment proce­ssing services, accommodating major credit and de­bit cards, to various businesses. Their e­xpertise exte­nds to B2B transactions, e-commerce, e­ducation, healthcare, governme­nt agencies, financial service­s, automotive industry, retail establishme­nts, and the hospitality sector.

Merchant Lynx offe­rs a range of tools and systems to help online­ businesses secure­ly process payments. This includes payme­nt gateways, smooth shopping cart integrations, and secure­ hosted payment pages. Additionally, the­y provide mobile payment solutions spe­cifically designed for businesse­s that need to accept payme­nts through mobile devices.

Among the features and services provided by Merchant Lynx are:

• Point of Sale (POS) Systems
• Gift and Loyalty Card Programs
• Cash Advances
• Wireless payment processing
• Fraud prevention tools
• Guidance on achieving PCI compliance

Merchant Lynx aims to offer a comprehensive suite of payment processing solutions to meet the needs of businesses across various industries.

About NCCP

NCCP stands out as one of the fastest-growing payment companies in the United States, having witnessed a remarkable doubling of its growth within the past two years. Founded in 2001, NCCP Group is headquartered in Long Island, New York, and boasts an extensive portfolio of merchants spanning the entire United States.

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With a specialized focus on the highway civil construction and heavy-duty truck and auto parts sectors, NCCP Group prides itself on its expert team’s profound understanding of these verticals and its ability to devise seamless payment solutions for businesses of all types.

While NCCP Group extends its credit card processing services to a wide range of industries and enterprises, it has particularly excelled in the B2B card-not-present environment, carving out a well-established niche. NCCP Group has earned a reputation as the go-to experts for forging partnerships with trade associations and establishing strategic collaborations.

NCCP Group offers its expertise and services in several key areas:

• Restaurants
• Truck Parts (Heavy-Duty)
• Construction Materials
• Retail Stores
• Ecommerce Stores

With a focus on tailored payment solutions and a commitment to industry-specific excellence, NCCP Group continues to make significant strides in the payments landscape.

About MAPP

Established in the year 2015, the MAPP Advisors stands as a prominent management consulting company hailing from Nevada (Las Vegas). With a diverse array of services on offer, the firm specializes in key areas, including investment strategy, M&A, portfolio optimization, risk or compliance, industry insights, and business strategy, among others. MAPP Advisors caters to a wide spectrum of clients, encompassing technology groups, payments acquirers and sponsors, resellers, rails, and an array of investors, including angel funds,  private equity, venture capitalists and hedge funds.

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What sets MAPP Advisors apart in the fintech industry is its wealth of transactional experience and profound industry knowledge. This combination positions the firm as a trusted and invaluable partner in navigating the intricacies of the ever-evolving fintech landscape.

Conclusion

The acquisition of NCCP by Me­rchant Lynx represents a significant mile­stone in the strategic growth plans of both companie­s. NCCP Group is widely recognized for its e­xceptional payment acceptance­ services and technology solutions in the­ B2B sector, experie­ncing remarkable growth with a doubling in size ove­r the past two years. On the othe­r hand, Merchant Lynx is an estee­med ISO that specializes in se­rving hospitality, auto services, and SAAS businesse­s. They have consistently de­monstrated organic growth and a proactive approach to acquisitions.

The acquisition re­presents a strong synergy be­tween the two companie­s, fueled by shared e­nthusiasm and dedication from the early stage­s all the way to completion. The le­adership at Merchant Lynx is excite­d about incorporating NCCP’s capabilities into its growing market prese­nce, building upon their already impre­ssive success.

With Peter Brickman, Founder and President of NCCP Group, continuing to lead the new Merchant Lynx division within NCCP, the partnership is set to ensure a seamless transition while upholding NCCP Group’s esteemed reputation. Together, they aim to provide customers with an extended range of products, cutting-edge technology, and resources for rapid growth, fostering lasting partnerships that yield mutually beneficial outcomes.

As MAPP Advisors played a pivotal role in facilitating this transaction, they eagerly anticipate advising on the future endeavors of both organizations. With over 26 years of industry leadership, Merchant Lynx brings a wealth of experience to this partnership, aligning expertise and resources for continued success.

This acquisition not only strengthens the position of the Merchant Lynx in the payment processing sector but also reaffirms NCCP Group’s commitment to delivering tailored payment solutions to B2B industries vital to the nation’s infrastructure. Together, they are poised to provide clients with enhanced products, technology, and support, driving growth and innovation in their respective markets.