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Investor group buys significant stake in Utah-based electronic payments solutions provider

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Investor group buys significant stake in Utah-based electronic payments solutions provider

A group of investors including , WesternHeritage Capital and PerformanceEquity Management LLC acquired a significant stake in CompleteMerchant Solutions, according to an April 12 news release.

The company's founders, President David Decker, COO TreverHansen and Chief Information Officer Kyle Hall, will retain a substantial stakein the business.

Terms of the transaction were not disclosed.

Complete Merchant Solutions is an Orem, Utah-basedelectronic payments solutions provider. It offers merchant acquisitionservices, credit card/debit card transaction processing services and paymentsolutions.

GCP Capital is the successor to , themerchant banking business of Greenhill & Co. Inc.