Entertainment Partners to Acquire CASHét Strengthening End-to-End Production Finance Offerings

Entertainment Partners (EP), a global leader in entertainment production payroll, finance and management solutions, today announced that it has signed a definitive agreement to acquire CASHét Entertainment, LLC (CASHét), a leading provider of digital payment solutions for the entertainment industry. The acquisition strengthens EP’s commitment to innovation and empowers productions worldwide to operate with greater speed, accuracy and confidence.

CASHét offers an industry-leading suite of digital payment services, including its branded Purchasing Card (p-card) and digital AP payments through CASHétPay. In addition, CASHét provides productions with a sophisticated vendor information and bank data verification system that prevents bank and check fraud and saves accounting teams significant time. 

“CASHét has built an innovative digital payment platform that is trusted across the industry,” said Markham L. Goldstein, EP President & CEO. “Bringing CASHét into our ecosystem will allow us to provide productions with an unmatched, fully integrated, end-to-end financial solution.”

Following the closing of the acquisition, CASHét will continue to support all productions and maintain integrations with all payroll providers, ensuring clients across the industry can access its solutions regardless of their payroll or accounting platforms. 

“Joining forces with Entertainment Partners marks an exciting new chapter for CASHét. With EP’s global reach, financial strength and industry expertise, we have an opportunity to expand our efficient payment solutions to more markets worldwide,” said Paul Rogers, CASHét President. “Our shared commitment to innovation and integrity in financial workflows will drive even greater value for productions of all sizes, no matter where they are creating content.” 

“We are very proud of what Paul and Deputy COO Shawn Gillespie have built in just 12 years,” said CASHét founders Robbert Aarts and Kurt Woolner. “CASHét has become the industry standard for digital and credit card payments, annually servicing over 2,500 studio and independent features, TV and streaming productions.” 

This acquisition underscores EP’s nearly 50-year commitment to advancing production finance through technology-driven solutions. CASHét currently provides its core services in the US and Canada, and provides p-card services in the UK, Europe and Australia/New Zealand. As part of this transaction, EP intends to invest in growing CASHét’s offerings into additional global production hubs.

“By investing in CASHét’s solutions, we are reinforcing our commitment to the entertainment industry and ensuring productions worldwide have access to best-in-class financial tools,” said Goldstein. 

Centerview Partners LLC acted as EP’s financial advisor in connection with the transaction. Ropes & Gray LLP and Moulton | Moore | Stella LLP acted as EP’s legal advisors.

William Blair acted as the financial advisor to CASHét and Paul Hastings, LLP as its legal counsel.