PROG Holdings acquires Purchasing Power

PROG Holdings agreed to acquire Purchasing Power. Reported deal value: $420M. Status: Pending. Sector: Fintech / Employee Benefits. Target headquarters context: Atlanta, Georgia, United States.

This page summarizes publicly available information about the transaction as of 2026-02-18. Figures and status may change as filings and press coverage update.

Acquiring Purchasing Power adds a highly complementary and important new platform to our growing ecosystem of payment solutions, further diversifying our product portfolio and advancing our three-pillared strategy to Grow, Enhance and Expand,” said Steve Michaels, PROG Holdings President and Chief Executive Officer