Oabay Acquired by Bayview Acquisition | Financial Services M&A Deal

Bayview Acquisition has completed the acquisition of Oabay, a payments processing business in New York, for $1.49 million. Oabay supports payments processing capabilities for financial services customers, strengthening Bayview Acquisition’s financial services M&A strategy in NY acquisitions. Bayview Acquisition acquires Oabay to build a platform acquisition in payments processing acquisition and expand its private equity acquisition footprint. The announced platform acquisition followed shareholder approval of an extension to complete the initial business combination, with limited redemptions at about $12.03 per share and a $50,000 trust deposit per one-month extension. Bayview Acquisition acquisitions are structured as a private equity acquisition platform, with deal size under $10M and an expected completion window extended to December 19, 2026.