GreenSky has completed a previously announced acquisition of the company by a consortium of institutional investors led by Sixth Street from Goldman Sachs. The consortium also included KKR, Bayview Asset Management, and CardWorks. As part of the deal, GreenSky is also deepening its strategic partnership with Synovus Bank – an essential part of the GreenSky Program since 2015.
GreenSky is a leading technology company that powers commerce at the point of sale for a growing number of merchants, consumers, banks and institutional investors. And GreenSky’s scalable and proprietary technology platform enables merchants to provide frictionless promotional payment options to consumers, driving increased sales volume and accelerated cash flow.
The GreenSky Program is the largest lending platform for home improvement loan originations by banks in the US. Since its founding, the program has provided simple and transparent home improvement financing solutions for nearly 6 million consumer customers. GreenSky has a growing network of 10,000+ merchants and helps them accelerate their business results by integrating seamless financing into their commerce and sales experience.
KEY QUOTES:
“GreenSky’s mission has always been to deliver exceptional value, helping businesses grow and delight their customers. We’re excited about the funding, scale and continuity our new institutional investors bring to our enterprise.”
– Tim Kaliban, CEO of GreenSky
“Our investor consortium looks forward to providing the GreenSky team with the resources it needs to continue innovating and delivering industry leading and easy-to-use solutions for its merchant network and their customers. We plan to put GreenSky and its experienced leadership team in the best position to succeed as the platform deepens its focus on helping grow the businesses it serves.”
– Michael Muscolino, Co-Founder and Partner at Sixth Street
