Who Owns Repay Holdings Company?

Who Owns Repay Holdings Corporation?

Understanding Repay Holdings Corporation's ownership is key to grasping its strategic direction and accountability. A significant moment was its business combination with Thunder Bridge Acquisition, Ltd., a SPAC, making Repay publicly traded on July 11, 2019.

This transaction, valued at approximately $665 million, reshaped the company's ownership landscape, transitioning it from a privately held entity to a publicly traded corporation.

Who owns Repay Holdings Corporation?

Repay Holdings Corporation, founded in 2006 as M & A Ventures, LLC, doing business as REPAY: Realtime Electronic Payments, is a leading provider of integrated payment solutions. The company offers a comprehensive suite of payment technology, including debit and credit card processing, ACH payments, and instant funding, serving diverse sectors. As of July 28, 2025, Repay's market capitalization stood at $439 million, with its ownership comprising institutional, retail, and insider investors. This evolution reflects its journey from a private startup to a publicly traded entity, offering services like those detailed in the Repay Holdings BCG Matrix.

Repay Holdings Corporation's journey began with its legacy business, REPAY: Realtime Electronic Payments, co-founded in 2006 by John Morris and Shaler Alias. These founders established the company's foundation in the payments and financial technology sector.

Founding Visionaries

John Morris and Shaler Alias are the co-founders of Repay Holdings Corporation's original operating entity. Morris, as CEO, brings over two decades of experience in financial technology. Alias serves as the President.

Early Equity Structure

The specific initial equity distribution among the founders is not publicly disclosed. However, their continued involvement suggests a significant early stake.

Corsair Capital's Entry

In 2016, investment funds sponsored by Corsair Capital LLC acquired a majority interest in REPAY LLC, forming Hawk Parent. This marked a significant early private equity investment.

Transition to Public Entity

The business combination with Thunder Bridge Acquisition, Ltd. in 2019 led to the company becoming publicly traded. Founding shareholders and Corsair Capital rolled over substantial equity.

Corsair Capital's Stake

Following the 2019 business combination, Corsair Capital was anticipated to remain the largest stockholder. This indicates their substantial and continued influence on Repay Holdings' ownership.

Founder Equity Rollover

The founders' decision to roll over a significant portion of their equity during the public transition underscores their belief in the company's future prospects and their commitment to its growth.

The ownership structure of Repay Holdings Corporation has evolved significantly since its inception. While John Morris and Shaler Alias were the initial co-founders, external investment and strategic business combinations have shaped the current shareholder landscape. Corsair Capital emerged as a key early investor, acquiring a majority stake in 2016. This private equity backing was instrumental in the company's subsequent growth and its eventual transition to a publicly traded entity in 2019 through a merger. The founders, along with Corsair Capital, retained significant equity stakes post-merger, indicating a shared vision for the company's direction. Understanding the Marketing Strategy of Repay Holdings can provide further context on how these ownership dynamics influence business operations.

Key Ownership Milestones

The ownership of Repay Holdings has been shaped by key events, including its founding, private equity investment, and public market debut.

• Co-founding in 2006 by John Morris and Shaler Alias.
• Acquisition of majority interest by Corsair Capital-sponsored funds in 2016.
• Business combination with Thunder Bridge Acquisition, Ltd. in 2019, leading to public trading.
• Founders and Corsair Capital rolling over substantial equity during the public transition.
• Corsair Capital expected to be the largest stockholder post-2019 merger.

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The ownership structure of Repay Holdings Corporation underwent a significant transformation with its public listing on July 11, 2019, via a business combination with a special purpose acquisition company. This event marked the company's transition to a publicly traded entity on the Nasdaq Stock Market, impacting its capital access and investor base.

As of July 22, 2025, Repay Holdings Corporation (NASDAQ: RPAY) has a diverse shareholder base, with 365 institutional owners holding approximately 50.31% of the company's 89,005,725 outstanding shares. Key institutional investors include BlackRock, Inc., holding 8.09%, Sunriver Management LLC with 6.20%, Wellington Management Group Llp at 4.95%, Vanguard Group Inc. at 4.80%, and Dimensional Fund Advisors Lp with 4.47%. Beckham Parent LP stands out as the largest individual shareholder, owning 10.05 million shares, representing 10.11% of the company as of March 31, 2025. This public listing facilitated access to capital, supporting its acquisition strategy and technological investments, aligning its operations with a broader investor constituency while maintaining influence from founding shareholders and private equity firms like Corsair Capital.

Key Stakeholders in Repay Holdings

Understanding who owns Repay Holdings is crucial for assessing its strategic direction and market position. The company's ownership is a blend of institutional, insider, and public/individual investors.

• Institutional investors collectively hold over 50% of Repay Holdings.
• BlackRock, Inc. is a significant institutional shareholder with an 8.09% stake.
• Beckham Parent LP is the largest individual shareholder, owning 10.11%.
• The company's transition to public trading in 2019 influenced its ownership structure and capital access.
• Corsair Capital remains a notable private equity investor post-combination.

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The board of directors for Repay Holdings Corporation is composed of a diverse group, including its co-founders, representatives from significant investment firms, and independent directors. John Morris, who is both Co-Founder and CEO, also holds a position as a Director. Shaler Alias, the Co-Founder and President, also serves on the board.

While specific details regarding a dual-class share structure or special voting rights are not explicitly detailed in recent filings, SEC documents from February 22, 2024, indicate a significant number of Class A common shares outstanding at 96,160,465. Additionally, there were 100 shares of Class V Common Stock outstanding. Holders of Class V common stock also possessed 5,844,095 units in a subsidiary, which are exchangeable for Class A common stock on a one-to-one basis. This structure suggests that holders of Class V common stock and these exchangeable units may wield considerable voting influence, impacting Repay Holdings ownership dynamics.

Understanding Voting Power at Repay Holdings

The voting power within Repay Holdings is influenced by its share structure. While Class A common stock represents the majority of outstanding shares, the presence of Class V common stock and exchangeable units introduces potential concentration of control.

• Class V common stock holders have significant influence.
• Exchangeable units can be converted into Class A common stock.
• This structure may lead to disproportionate voting power for certain shareholders.
• Understanding these nuances is key to grasping Repay Holdings ownership.

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In the last three to five years, Repay Holdings Corporation has experienced shifts impacting its ownership landscape. Notably, as of May 12, 2025, the Board of Directors authorized an increase in the share repurchase program to up to $75 million, a move that can alter outstanding share counts and ownership percentages. The company also saw a transition in its Chief Financial Officer role in April 2025.

Repay Holdings demonstrates significant institutional ownership, with 365 institutional owners holding over 109 million shares as of July 22, 2025. Despite this substantial backing, there have been notable changes in institutional positions. The average portfolio allocation by institutions has decreased by 24.95% as of the most recent quarter (MRQ), and institutional shares held long have seen a 0.93% reduction MRQ. Insider activity presents a mixed picture, with some executives increasing their stakes by acquiring over 439,000 shares as of July 2025, though overall insider trading shows both buying and selling activity.

Institutional Ownership Snapshot

As of July 22, 2025, 365 institutional owners collectively hold over 109 million shares. This indicates a strong presence of financial institutions in the company's shareholder base.

Insider Trading Activity

Executive ownership shows some executives increasing their stakes, acquiring more than 439,000 shares by July 2025. However, overall insider trading activity includes both purchases and sales.

Recent Shareholder Actions

The company authorized an increase to its share repurchase program up to $75 million as of May 12, 2025. This action can influence the number of outstanding shares and ownership percentages.

Business Performance and Ownership Outlook

The Business Payments segment reported normalized gross profit growth of approximately 12% year-over-year in Q1 2025. This performance, coupled with strategic reviews and buyback programs, suggests a focus on financial health that could indirectly affect ownership structure.

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