PROG Holdings Completes $420 Million Acquisition of Purchasing Power

Reuters01-02

PROG Holdings Completes $420 Million Acquisition of Purchasing Power

PROG Holdings, Inc. has completed its acquisition of Purchasing Power for $420 million in cash, funded through a combination of cash on hand and debt financing. Purchasing Power, now a wholly owned subsidiary of PROG Holdings, is a leading voluntary employee benefit program that enables workers to purchase brand-name products and services through automatic payroll deductions or allotments. The acquisition expands PROG Holdings’ reach to more than 7 million employees through over 360 employer partnerships, enhancing its ability to provide flexible payment solutions and financial wellness tools. The combined organization plans to leverage shared technology and operational capabilities to broaden its offerings and support long-term growth.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PROG Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260102615368) on January 02, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Purchasing Power, now a wholly owned subsidiary of PROG Holdings, is a leading voluntary employee benefit program that enables workers to purchase brand-name products and services through automatic payroll deductions or allotments. The acquisition expands PROG Holdings’ reach to more than 7 million employees through over 360 employer partnerships, enhancing its ability to provide flexible payment solutions and financial wellness tools. The combined organization plans to leverage shared technology and operational capabilities to broaden its offerings and support long-term growth.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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Purchasing Power, now a wholly owned subsidiary of PROG Holdings, is a leading voluntary employee benefit program that enables workers to purchase brand-name products and services through automatic payroll deductions or allotments. The acquisition expands PROG Holdings’ reach to more than 7 million employees through over 360 employer partnerships, enhancing its ability to provide flexible payment solutions and financial wellness tools. The combined organization plans to leverage shared technology and operational capabilities to broaden its offerings and support long-term growth.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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Purchasing Power, now a wholly owned subsidiary of PROG Holdings, is a leading voluntary employee benefit program that enables workers to purchase brand-name products and services through automatic payroll deductions or allotments. The acquisition expands PROG Holdings’ reach to more than 7 million employees through over 360 employer partnerships, enhancing its ability to provide flexible payment solutions and financial wellness tools. The combined organization plans to leverage shared technology and operational capabilities to broaden its offerings and support long-term growth.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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