Priority Technology Holdings, Inc. (NASDAQ: PRTH) has announced the successful acquisition of certain assets from Boom Commerce, a reseller partner of the company. This transaction includes the revenue agreements and customer relationships of Boom, whose leadership team, CEO Sabin Burrell and COO John Hynes, will join Priority. Additionally, Priority has secured a new $50 million residual financing credit facility in collaboration with Värde Partners. This facility will support Priority's independent sales organizations $(ISO)$ and independent software vendors (ISV) reseller base with additional capital to fuel growth. The acquisition of Boom is expected to add approximately $5 million in incremental revenue by 2025 and nearly $6 million in adjusted EBITDA benefits due to reduced sales costs. Priority has also secured a $50 million delayed draw term loan facility to finance the purchase of eligible residual and loan receivables, facilitating further expansion into alternative financing solutions.