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6 Things To Know About ScanSource's Proposed Acquisition Of POS Portal

ScanSource says it plans to purchase payment devices distributor POS Portal for $144.9 million. Here are six things solution providers need to know about the deal.

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A Financial Boon For Both Sides

Although the deal is not slated to be completed until the end of July, the all-cash acquisition – which includes an earn-out payment of up to $13.2 million – is expected to increase ScanSource earnings per share in the first year, one-time acquisition costs notwithstanding.

POS Portal is projected to generate $110 million in net sales through the first year after closing, with an estimated EBITDA margin in the "low teens," according to the company. ScanSource believes POS Portal's profile makes for a strong complement to its existing POS business.

"This is a strong business that's had incredible growth, not only the top line but also the bottom line," ScanSource's Baur said. "It'll certainly be positive for our overall profitability."

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