Global Payments Inc., a leader in payment technology and software solutions, has announced a definitive agreement to divest its Payroll business to Acrisure for $1.1 billion. This strategic move is part of Global Payments' ongoing efforts to simplify its operations and focus on its core commerce solutions for merchants. The company plans to use the after-tax proceeds from this divestiture to return capital to shareholders, maintaining leverage neutrality. Additionally, Global Payments has entered into a mutual referral agreement and long-term commercial partnership with Acrisure to continue delivering integrated human capital management and payroll offerings to its customers. The transaction is set to close in the second half of 2025, pending regulatory approvals and customary conditions.