Bregal Sagemount, a private equity firm, has made a strategic investment in PayArc, a payments technology company.

The investment will be used to invest in new sales and marketing channels, identify strategic acquisitions, and expand its value proposition. The firm has grown over 100 percent each of the last four years and has partnered with a base of over 10,000 merchants. The firm processes over $3 billion in omnichannel payments volume each year.

“We’re excited to partner with PayArc to provide the resources and operational expertise that will ensure they continue to deliver a leading integrated technology platform, drive superior payment solutions, and support their customers at the highest level,” said Clayton Main, a partner at Bregal Sagemount. “This is an important moment for PayArc and we’re looking forward to being part of the company’s next phase of growth.”