04:23 PM EDT, 08/19/2025 (MT Newswires) -- Priority Technology Holdings ( PRTH ) said late Tuesday it closed the acquisition of the revenue agreements and customer relationships of Boom Commerce.

Financial details were not disclosed.

The chief executive officer and chief operating officer of Boom will join Priority Technology ( PRTH ), the company said.

Priority Technology ( PRTH ) also closed a $50 million delayed draw credit facility to finance the purchase of residual receivables and loan receivables, supporting the company's expansion into the alternative financing segment, according to a statement.