PROG Holdings Acquires Purchasing Power in $420 Million Cash Deal
January 2, 2026
PROG Holdings, the fintech holding company for Progressive Leasing, Four Technologies and Build, completed its previously announced acquisition of Purchasing Power for $420 million in cash. Purchasing Power becomes a wholly owned subsidiary, expanding PROG’s employer-channel reach via a payroll-integrated voluntary employee benefit platform.
- Buyers
- PROG Holdings, Inc.
- Targets
- Purchasing Power
- Industry
- Payments & Fintech
- Location
- Georgia, United States
- Transaction Type
- Buyout
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