Simply Group Acquires SNAP Financial Group for $511 Million
October 14, 2020
Simply Group (Simply Green Home Services Inc.) acquired SNAP Financial Group Inc. in a transaction with an enterprise value of $511 million, which included $412 million of consumer loan assets and a cash equity investment of $73.5 million. The deal adds SNAP's SNAP Home Finance division and dealer network to Simply Group, growing its assets under management to over $1.25 billion and expanding its consumer financing capabilities for home improvement and HVAC markets in Canada.
- Buyers
- Simply Green Home Services Inc. (Simply Group)
- Targets
- SNAP Financial Group Inc. (SNAP Home Finance)
- Industry
- Financial Services
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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