Celero Commerce, the payments company backed by LLR Partners, is up for sale and has hired an investment bank to advise on the process, according to four banking and private equity executives. The execs predict the Brentwood, Tennessee-based company could sell for roughly $600 million, or 12 times Celero’s trailing Ebitda of $50 million. Celero is in the “back half’ of a process that has attracted private equity, they said.
LLR, a lower middle market PE firm, formed Celero in late 2018 when it invested in UMS Banking, a merchant acquirer. Celero has remained very acquisitive, buying about 10 companies since then, including RazorSync in 2019, TransNational Payments in 2020, and this past August, it scooped up SONA.
