Cleveland-based Heartland Payments Systems Inc. has received a $40 million private equity investment from Greenhill Capital Partners LP, LLR Partners Inc. and their affiliated investment funds.
Todd Bilsborough, a Salt Lake district manager for HPS, said the investment will provide the Salt Lake management team with the flexibility to offer merchants state-of-the-art processing technology unique to their businesses.
Launched in 1997, Heartland is an employee-owned, full-service credit card and payroll processing company.