Upbound Group Expands with Brigit Acquisition Agreement

An announcement from Upbound Group ( (UPBD) ) is now available.

Upbound Group, Inc. has entered into an agreement to acquire Brigit, a financial health technology firm, for up to $460 million. This acquisition aims to expand Upbound’s financial solutions for underserved customers and is expected to enhance its technological capabilities, increase revenue, and improve customer experience through Brigit’s AI/ML models and digital platform. The transaction is anticipated to be financially beneficial, with significant projected growth in revenue and Adjusted EBITDA, and is expected to close in Q1 2025, subject to regulatory approvals.

More about Upbound Group

Upbound Group, Inc. is a technology and data-driven leader in accessible and inclusive financial products catering to underserved consumers. It operates through brands such as Rent-A-Center and Acima, facilitating transactions across diverse retail channels in the United States, Mexico, and Puerto Rico.

YTD Price Performance: 2.65%

Average Trading Volume: 524,964

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $1.84B

Learn more about UPBD stock on TipRanks’ Stock Analysis page.