TINLEY PARK, ILL.- (BUSINESS WIRE) -
Payroc LLC, a leading merchant acquirer and payment processing organization, announced today that it has acquired Chicagoland hospitality technology provider Detrok Technology Services. The acquisition enhances Payroc’s positioning in the hospitality industry, while giving the company access to the best technology solutions and related services to address the needs of independent owner-operator restaurant establishments. The transaction closed Feb. 1. Terms of the deal were not disclosed.
“Payroc is focused on growing, both organically and through acquisitions,” said Matt Austin, chief operating officer for Payroc. “We are dedicated to expanding and enhancing our offerings and sales channels,” added Austin. “For this reason, Detrok Technology Services is a natural fit for our business and we are pleased to welcome them to the company.”
Hundreds of successful Chicagoland establishments rely on Detrok’s technology solutions and services to address point-of-sale, payment processing, loyalty, gift card, menu and inventory management, security, employee scheduling and payroll needs and more. The company takes pride in being a catalyst for restaurant success, while remaining faithful to delivering highly personalized service.
Payments industry veteran and Detrok owner James Derby, will join the Payroc team. He will focus on growing the Payroc’s point-of-sale offerings and footprint. The Detrok brand will transition to Payroc during the coming months.
About Payroc LLC
Payroc, headquartered in the Tinley Park suburb of Chicago, drives commerce for its merchants with anytime, anywhere payment solutions. Payroc serves its referral partners and merchant clients with integrity as trusted advisors and recognized experts in payments, providing transparent pricing clarity, and developing personal relationships while delivering exceptional technology. Payroc services and supports more than 30,000 merchants throughout North America, providing stability in payments by safely and securely processing over $10 billion in annual charge volume. The company is a full-service merchant acquirer, a registered ISO of MB Financial Bank, N.A., Chicago, Illinois, a registered ISO and payment facilitator of Fifth Third Bank, Cincinnati, Ohio, and a registered ISO of Wells Fargo, Concord, California. For more information, please visit payroc.com or telephone 844-PAYROC-4.
Copyright Business Wire 2019