Acquisition History / PROG Holdings, Inc. / Purchasing Power
PROG Holdings, Inc. Acquires Purchasing Power
Announced December 2025 — $420M
What happened
Purchasing Power is an Atlanta-based voluntary employee benefit company whose payroll-deduction purchase program reaches more than 7 million employees. PROG Holdings announced the deal December 1, 2025 and closed it January 2, 2026 for $420M in cash, funded with cash on hand and debt financing.
- Acquirer
- PROG Holdings, Inc.
- Target
- Purchasing Power
- Announced
- December 2025
- Price
- $420M
- Industry
- Employee purchase program / financial wellness
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did PROG Holdings, Inc. acquire Purchasing Power?
PROG Holdings, Inc. acquired Purchasing Power on December 2025. This was PROG Holdings, Inc.'s 1st publicly tracked acquisition out of 1 we have on record.
How much did PROG Holdings, Inc. pay for Purchasing Power?
PROG Holdings, Inc. paid $420M for Purchasing Power.
What does Purchasing Power do?
Purchasing Power is an Atlanta-based voluntary employee benefit company whose payroll-deduction purchase program reaches more than 7 million employees. PROG Holdings announced the deal December 1, 2025 and closed it January 2, 2026 for $420M in cash, funded with cash on hand and debt financing.
What other Employee purchase program / financial wellness companies has PROG Holdings, Inc. acquired?
Purchasing Power is PROG Holdings, Inc.'s only publicly tracked acquisition in Employee purchase program / financial wellness so far.