Priority Technology Holdings has agreed to go private in a deal valuing the payment technology services provider at about $1.6 billion. According to Sina Finance, the company said an investor group led by Chairman and CEO Thomas Prior will acquire all outstanding shares it does not already own for $8.05 in cash per share.

The company said the offer represents a 65% premium to the stock price on November 7, 2025, the trading day before the investor group made its initial proposal, and a 38% premium to last Friday's close. According to Sina Finance, a special committee of the board made up entirely of independent, disinterested directors unanimously recommended the transaction and said it pushed the bid up by more than 30% from the initial proposal.

Priority said Prior told the special committee he did not intend to transfer his shares to any third party. According to Sina Finance, special committee Chairman Michael Pascilla said the deal would provide meaningful and certain value to Priority's unaffiliated shareholders after a full review, valuation analysis, and multiple rounds of negotiations with Prior and his affiliates.

Some of the financing will come from equity contributions by funds affiliated with Searchlight Capital Partners. According to Sina Finance, the transaction is expected to close in the first half of 2027.