Priority Technology acquires certain assets of DMSJV

Priority Technology Holdings, Inc., (NASDAQ: PRTH) the payments and banking solution that streamlines collecting, storing, lending and sending money to unlock revenue opportunities, today announced the successful closing of the acquisition of certain assets of DMSJV, LLC (“Dealer Merchant Services” or ”DMS”). A portion of the acquisition consideration was financed with a $35 million increase to the Company’s $1.0 billion broadly syndicated term loan.