PROG Holdings, Inc. /
Purchasing Power
PROG Holdings, Inc. to buy Purchasing Power
Source for the buyer and target: PROG Holdings, Inc.
For the buyer and target.
“On December 1, 2025, PROG Beach, LLC (the "Purchaser"), a wholly-owned subsidiary of PROG Holdings, Inc. (the "Company"), entered into a Unit Purchase Agreement (the "Purchase Agreement") with Purchasing Power Parent, LLC (the "Seller"), P-Squared, LLC, a wholly-owned subsidiary of the Seller (the "Acquired Entity"), and, solely to guarantee the Purchaser’s obligations under the Purchase Agreement, the Company.”
Published 2 Dec 2025
Open the sourceWhat happened
PROG Holdings, Inc. has agreed to acquire Purchasing Power for $420 million in cash. The transaction is expected to close in early 2026, subject to regulatory approvals and other customary closing conditions. [01]
Purchasing Power provides financial wellness solutions to employers, including an employee purchase program for consumer products and services using payroll deduction. [01]
The source
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PROG Holdings, Inc. to buy Purchasing Power
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Open the sourceTimeline
Every date the source states, in order, each with the words it comes from. Anything marked ahead is a target the source gives, not something that has happened.
Expected close
“The transaction is expected to close in early 2026, subject to regulatory approvals and other customary closing conditions”
Open the source
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