PROG Beach, LLC /
P-Squared, LLC
PROG Holdings completes acquisition of employee benefit program
Source for the buyer, seller and target: PROG Holdings, Inc.
For the buyer, seller and target.
“On January 2, 2026, PROG Beach, LLC (the "Purchaser"), a wholly-owned subsidiary of PROG Holdings, Inc. (the "Company"), completed its previously announced acquisition (the "Acquisition") of all of issued and outstanding equity interests of P-Squared, LLC (the "Acquired Entity") from Purchasing Power Parent, LLC (the "Seller"), pursuant to the Unit Purchase Agreement, dated as of December 1, 2025 (the "Purchase Agreement").”
Published 2 Jan 2026
Open the sourceWhat happened
PROG Beach, LLC completed its acquisition of P-Squared, LLC from Purchasing Power Parent, LLC. The transaction expands PROG Holdings’ access to an employer-based channel through a voluntary employee benefit program. [01]
Consideration was approximately $420 million in cash, subject to customary adjustments. [01]
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PROG Holdings completes acquisition of employee benefit program
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