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Payroc acquires iTransact Group

Payroc LLC, a Chicago-based payments company, acquired theassets of iTransact Group LLC, a Salt Lake City-based provider of online,mobile and traditional payment processing solutions and related technology.

As part of the deal, Payroc combined Retriever of ChicagoInc. d/b/a Payroc with iTransact. Payroc will maintain the Payroc and iTransactbrands.

Marlin & Associates served as an exclusive financial andstrategic adviser to iTransact in connection with the deal.

James Oberman is the CEO of Payroc and Nicholas Oberman isthe company's president. Stephen Hall is the managing partner and CEO ofiTransact.