ITS Equity Group Acquires Eagle Processing Systems

DALLAS - Oct. 2, 2014 - PRLog -- ITS Equity Group

Announces the Acquisition of

Eagle Processing Systems of Dallas Texas

Smithtown NY – (SEPTEMBER 18, 2014) – ITS Equity Group, LLC, a Smithtown, NY based private Financial Services holding group announces the acquisition of Eagle Processing Systems of Dallas, TX.    Founded by William (Bill) McClellan in 1999, Eagle is a sixteen year old company that utilizes its proprietary in-house software and systems to provide payment and fleet card processing services, ACH services, risk management software and other payment related products and services to the Merchant, Banking and Financial Services marketplace.

“Over the years, the ownership team of Eagle has built one of the finest processing entities in the niche markets it serves.  We intend to carry on with that level of quality product and service offerings and expand business throughout the country and marketplace” stated Mr. John T. Black CEO of ITS Equity Group.

Mr. Black continued.   “Eagle is a firmly established, well known and respected organization within the niche industries it services and it’s products and service offerings will complement ITS’ overall strategic plans allowing the continued growth and positioning of ITS Equity Group in the Merchant Services and Financial Services space”.

ABOUT Eagle Processing Systems

Eagle Processing Systems, with primary offices in the Dallas Metroplex, is a 16-year-old company, founded in 1999 by Bill McClellan.  The Company provides debit, fleet and other payment processing services along with ACH, risk management software and other products and services to the processor, banking, ISO, fleet card and merchant sectors of the Financial Services market.

ABOUT ITS Equity Group

ITS Equity Group, LLC is a two-year-old holding company formed to both acquire complementary payment related organizations and provide transaction processing and support for smaller organizations in the Financial Services industries.  ITS utilizes the services of Diversified Acquiring Solutions (DAS), a 20 year old sales organization founded in 1994 by John T. Black to provide a full range of merchant services to focused market verticals along with offering merchant advances and other specialty products and services such as Equipment Leasing and Merchant Financing through its subsidiary entities.

Terms and conditions of the deal were not disclosed.

Inquiries should be directed to Mr. John T. Black, CEO, ITS Equity Group, Smithtown, NY (j.black@itseqity.com) 631-360-4394.