First Data Corp. has become a do-it-yourself company in the past year, shedding an acquisitive culture while expanding into new markets.

The Atlanta unit of Kohlberg Kravis Roberts & Co. said that its earlier strategy, which stressed buying over building, hamstrung its efforts to expand quickly.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.