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.