NBS Payment Solutions in Toronto, Canada, has acquired substantially all of the assets of Equinox Payments in Scottsdale, Ariz.
NBS plans to operate under the name Equinox Payments in the United States following the acquisition, according to a Feb. 7 press release. Other terms of the deal between the two payment providers were not disclosed.
"NBS's success in product development and innovation provides a strong foundation for the combined operations of Equinox and NBS in North America," Equinox vice president of payment solutions Stuart Taylor says in the release. "We are enthusiastic about the prospects of embarking on our next stage of growth with a partner of such depth and experience."
NBS is a subsidiary of the $175 billion-asset Brookfield Asset Management.
Equinox was previously Hypercom USA. The company changed its name after being split from Hypercom's international business, which VeriFone Systems Inc. purchased for $485 million in 2011. Hypercom's U.S. operations went to an entity sponsored by the private equity firm Gores Group for an undisclosed amount.