CPI Card Group Inc. announced the acquisition of Arroweye Solutions, Inc. for a purchase price of $45.55 million, in an all-cash transaction completed on May 6, 2025. Arroweye is a leading provider of digitally-driven on-demand payment card solutions in the U.S. market.
This acquisition aligns with CPI’s strategy to grow and diversify its offerings, adding Arroweye’s technology-driven platform that eliminates the need for customers to hold inventory and enables hyper-personalization with rapid turnaround times. Arroweye’s revenues are projected to be in the mid-$50 million range on an annualized basis for 2025.
The integration of Arroweye is expected to provide CPI access to diverse market segments, including prepaid program managers, payroll, healthcare, fintechs, and government disbursements, with minimal customer overlap. CPI funded the acquisition using a combination of cash and borrowings from its $75 million ABL revolver.
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