Repay Holdings Corporation announced a definitive agreement to acquire KUBRA for approximately $372 million in an all-cash transaction, marking a significant step in its strategy to scale its consumer bill payment capabilities.
The acquisition combines REPAY’s integrated payment processing platform with KUBRA’s established presence in bill payment and customer communications, particularly across utilities, government, and insurance sectors. KUBRA currently serves more than 250 clients and reaches over 40% of households across the United States and Canada.
The combined company is expected to process more than $130 billion in annual payment volume, reflecting expanded reach across more than 18 vertical markets. REPAY said the deal enhances its go-to-market capabilities while strengthening its ability to deliver integrated billing, payments, and communications solutions.
Financially, the combined business is expected to generate approximately $548 million in revenue and $178 million in adjusted EBITDA based on 2025 figures. REPAY anticipates at least $15 million in annual cost synergies and an additional $5 million in technology savings within three years. The company also expects incremental revenue opportunities of more than $5 million by 2028 driven by cross-selling capabilities across the expanded client base.
The transaction will be funded through a combination of cash on hand and debt financing. REPAY has secured a commitment from Truist Bank for a $500 million term loan and an additional $100 million revolving credit facility. Following the transaction, net leverage is المتوقع to be around 4.0x, with plans to reduce it below 3.0x within 18 months.
The acquisition is expected to close in the second quarter of 2026, subject to regulatory approvals in the United States and Canada and customary closing conditions.
KEY QUOTES:
“Today’s announcement advances REPAY on our transformational journey to become a leading bill payment provider. The combination brings together highly complementary go-to-market approaches, creating robust opportunities to enhance growth, while also deepening client experiences and driving operational and financial efficiencies.”
John Morris, Co-Founder And Chief Executive Officer, Repay Holdings Corporation
“We are excited to enter KUBRA’s next phase by joining REPAY and creating a scaled payments platform. REPAY will enhance value for our clients, while helping to further pursue growth opportunities in our end markets. I am thrilled about the opportunities this transaction provides for KUBRA and our team.”
Rick Watkin, President And Chief Executive Officer, KUBRA
