King of Prussia’s fintech company CardConnect has acquired the sales firm MertzCo for an undisclosed amount, writes Roberto Torres for Technical.ly.

CardConnect will keep all thirteen full-time employees of MertzCo including CEO Michael Mertz at their Chicago location. As part of the deal, Mertz joins the fintech company’s senior exec team as Chief Sales Officer.

CEO and President of CardConnect, Jeff Shanahan, said the deal was the next logical step in its decade long relationship with the MertzCo team.

“MertzCo has consistently generated strong growth, recently as a value-added reseller of CardPointe,” explained Shanahan.

“Now, in combining Michael’s ability to build a high-producing sales organization with CardConnect’s technology we expect to significantly expand our direct distribution channel, one of our 2017 growth objectives.”

VP of Marketing at CardConnect, Michael Starosciak, said that over the last decade MertzCo has stood out as one of the best sales representatives for the company.

“This particular group definitely were our larger resellers,” said Starosciak. “They were very skilled at growing the business.”

CardConnect was acquired by Cohen’s FinTech Acquisition Corp in March last year with the goal of taking it public. The deal was finalized last summer and the company was listed on NASDAQ a month later.

Read more about CardConnect’s acquisition at Technical.ly by clicking here.

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