Global Payments to sell payroll unit to fintech Acrisure for $1.1 billion

The Acrisure RE logo is seen in this illustration taken on January 29, 2025. REUTERS/Dado Ruvic/Illustration/File Photo

(This story has been corrected to remove reference to Marathon Petroleum being a client of Heartland Payroll in paragraph 6))

(Reuters) -Global Payments said on Wednesday it would sell its payroll division, Heartland Payroll Solutions, to financial technology firm Acrisure for $1.1 billion, marking the payments company's latest attempt at simplifying its business.