“Corsair has an exceptional reputation and experience with payments and financial technology companies, and we look forward to leveraging the team’s deep sector expertise and global network in our next chapter of growth as a standalone company. “We are thrilled to welcome Corsair as our new, long-term strategic and financial partner,” said Mr. MSTS President Brandon Spear will continue to lead the standalone company. MSTS processes over $5 billion in transactions on behalf of clients annually, in more than 15 currencies.
![msts llc msts llc](https://pdmfinancial.com/wp-content/uploads/2020/09/cropped-msts.jpg)
The company’s AR processing solution enables users to optimize the billing process, support complex pricing agreements, and reduce errors and costs to clients, while its credit solution reduces friction associated with collections, recovery rates, and enables an easier access to credit. MSTS is a global B2B payment and credit solutions provider specializing in commercial transaction management, facilitating transactions for customers in over 190 countries. We look forward to working closely with the outstanding MSTS team to position the company for long-term growth and success.” “MSTS’ dedication to solving complex business challenges for its customers through innovative AR processing and credit solutions makes it a natural fit within Corsair’s portfolio. “The B2B payments market continues to shift towards digitization and automated processes, and we see tremendous growth potential for MSTS given the company’s significant sales momentum and customer pipeline, scalable platform with recurring revenue streams, and opportunities to expand both its product offerings and geographical footprint,” said Jeremy Schein, Partner at Corsair Capital.
![msts llc msts llc](https://i1.wp.com/www.dekosoft.com/trains/wordpress/wp-content/uploads/2014/08/1038x576_bnsf.jpg)
![msts llc msts llc](https://i.ytimg.com/vi/RCXABzioj9s/hqdefault.jpg)
The transaction builds on Corsair’s significant experience investing in and supporting growth at payments and financial technology companies including REPAY, Spring Venture Group, IDnow, Axo AS, and RGI. NEW YORK-( BUSINESS WIRE)-Corsair Capital LLC (“Corsair”), one of the longest standing private equity firms focused on business and financial services, today announced that it has entered into a definitive agreement to acquire MSTS, a global B2B payment and credit solutions provider, from World Fuel Services Corporation (NYSE:INT).Īs a standalone business, MSTS will be better positioned to capitalize on the substantial growth opportunities in the B2B payments market while continuing to rapidly expand its technology platform and CaaS offering both organically through new customers and through strategic acquisitions.