Key Takeaways
- Sector: Financial Services & Fintech.
- Geography: United States.
Analysis
Tricor Pacific Capital Inc. has disclosed a new step in its long-standing investment relationship with CPI Card Group Inc., executing a private purchase that adds 1.9 million shares to its direct position from Parallel49 Equity, ULC on December 4, 2025. This move marks a notable shift from indirect exposure to a more substantial, direct stake in CPI Card Group, a key player in U.S. payments technology and card production.
With this latest acquisition, Tricor Pacific Capital Inc. now holds approximately 2.2 million shares of CPI, equating to about 20% of CPI Card Group’s outstanding stock. The update reinforces a multi-decade relationship, as Tricor has been an indirect investor through Parallel49 for nearly twenty years, and has gradually built a direct line into CPI’s equity base.
Rod Senft, Chairman of Tricor Pacific Capital Inc., commented, “We are pleased to meaningfully expand our direct investment in CPI. The business is well positioned with attractive opportunities ahead, and this transaction underscores our continued support of CPI’s leadership, strategy, and long-term direction.”
John Lowe, President and CEO of CPI Card Group Inc., added, “Our team remains focused on executing against our strategy and delivering on our priorities. The evolving partnership with Tricor strengthens CPI’s capacity to advance digital solutions and scale its payments offerings.” CPI Card Group is a U.S.-based payments technology firm delivering a broad range of payment cards and related digital services, backed by high-security production facilities and a client network spanning multiple industries.
The move arrives amid a broader market backdrop where payments technology and card-based solutions continue to consolidate as financial-technology ecosystems expand across digital and physical commerce. CPI’s business, anchored by its secure card production and evolving digital services, represents a focal point for institutional capital looking to back resilient, long-duration platforms in the U.S. payments infrastructure space.