Dayton-area billing services company sells for $57.5M

A Miami Township billing services firm has been sold to a Virginia-based company.

First Billing Services — A subsidiary of real estate investment company The Connor Group — recently sold for $57.5 million to Paya, a Reston, Va.-based company described as a “leading provider of integrated payment and commerce solutions.”

Founded in 2011 by Connor Group CEO Larry Connor and Pat Dorsey, First Billing Services originally provided billing services for the apartment industry, according to a news…