Goldman Sachs to acquire GreenSky 15 September 2021US Reporter: Carmella Haswell
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Goldman Sachs has entered into an agreement to acquire GreenSky for an all-stock transaction valued at approximately US$2.24 billion.
GreenSky is a finance technology platform for home improvement consumer loan originations.
Its lending capabilities, market-leading merchant and consumer ecosystem will help accelerate the efforts of Goldman Sachs to create the consumer banking platform of the future, help customers take control of their financial lives and drive higher, more durable returns.
Commenting on the acquisition agreement, David Solomon, chairman and CEO of Goldman Sachs, says: “We have been clear in our aspiration for Marcus to become the consumer banking platform of the future, and the acquisition of GreenSky advances this goal.
“GreenSky and its team have built an impressive, cloud-native platform that will allow Marcus to reach a new and active set of merchants and customers and provide them with an expanding set of solutions.”
David Zalik, CEO of GreenSky adds: “From GreenSky’s inception, our mission has been to deliver exceptional value, helping businesses grow and delight their customers. In combination with Goldman Sachs, we’re excited to continue delivering point-of-sale payment solutions for our merchant partners and their customers on an accelerated basis.”
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