PROG Holdings Acquires Purchasing Power for $420 Million
January 2, 2026
PROG Holdings, the fintech holding company behind Progressive Leasing, has completed its acquisition of Atlanta-based Purchasing Power for $420 million in cash. Purchasing Power, a voluntary employee benefits provider that enables payroll-deduction purchases for employees, will operate as a wholly owned subsidiary to expand PROG's employer-channel reach and financial wellness offerings.
- Buyers
- PROG Holdings, Inc.
- Targets
- Purchasing Power
- Industry
- Financial Services
- Location
- Georgia, United States
- Transaction Type
- Buyout
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