Last November, Bob Carr signed a deal to sell his payments processing company Heartland Payment Systems for $100 a share to Global Payments, for a total of $4.3 billion.
The deal made him a very rich man, but it also taught him a surprising lesson about the meaning of work.
Read the full story in Business Insider, here.
My wife has been in the industry for a little over 3 years. Since I am simi retired I have also become interested in the merchant services sector. As such, I previously indicated to her that it would be great to see a combination of GPN and HPY and that although such combination would only be half the size of FDC in terms of revenue, GPN/HPY would have stronger financials. Then, as a result of me being behind the curve, I discovered your web site and see that a planned sale of Heartland to Global will close this summer. Great news.
I also read the rest of your story about your personal plans after the sale. Outstanding. Incidentally, although my wife was raised in Chicago we now reside in Southern California.
Good luck.
Joe