M&A Deal Summary

Olive.com Acquires PayLink Direct

On July 21, 2021, Olive.com acquired financial services company PayLink Direct from Milestone Partners

Acquisition Highlights
  • This is Olive.com’s 1st transaction in the Financial Services sector.
  • This is Olive.com’s 1st transaction in the United States.
  • This is Olive.com’s 1st transaction in Illinois.

M&A Deal Summary
Date 2021-07-21
Target PayLink Direct
Sector Financial Services
Buyer(s) Olive.com
Sellers(s) Milestone Partners
Deal Type Merger

Target

PayLink Direct

Chicago, Illinois, United States
PayLink Direct is a provider of payment financing and processing services to facilitate the sale of vehicle service contracts. PayLink specializes in partnering with VSC providers to offer financial and payment processing solutions to purchasers of VSCs, also known as extended warranty contracts. PayLink Direct was founded in 2006 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Olive.com

Chicago, Illinois, United States
Category Company
Founded 2020
Sector Insurance
DESCRIPTION

Olive.com is a provider of payment services and online vehicle protection plans, was built to give customers peace of mind. Vehicle protection plans cover mechanical failure of the vehicle after the manufacturer’s warranty has expired. Olive.com was founded in 2020 and is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 2
Sector (Financial Services) 1 of 1
Type (Merger) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-25 Uproar.car

Seattle, Washington, United States

Uproar.car is a fintech company, with advanced AI product selection technology. Uproar.car is based in Seattle, Washington.

Buy -

Seller(S) 1

SELLER

Milestone Partners

Villanova, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 650M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Milestone Partners is a lower middle-market private equity firm specializing in investments in manufacturing, distribution, and service companies. Milestone looks for businesses valued up to $250 million with EBITDA of $5 to $50 million. The Firm's target revenue size is $10 to $250 million. Milestone prefers companies with growth potential and proven management. The Firm will not invest in businesses in high cyclical industries, with low barriers to entry, or have a high reliance on technology. Milestone Partners was formed in 1995 and is based in Villanova, Pennsylvania.

DEAL STATS #
Overall 25 of 28
Sector (Financial Services) 2 of 3
Type (Merger) 1 of 1
State (Illinois) 1 of 1
Country (United States) 23 of 26
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 G5

Bend, Oregon, United States

G5 is a digital marketing software and services platform for multifamily properties. G5’s mission is to empower clients to outsmart and outperform their competition through smarter marketing, unmatched marketing technology, and a deep bench of talent that puts marketing performance first. G5 was founded in 2005 and is based in Bend, Oregon.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-17 Heights Finance

Greenville, South Carolina, United States

Heights Finance is a consumer finance company that provides attractive, easy-to-understand installment loan and related insurance products primarily to customers with limited access to credit from banks and credit card companies. Heights Finance was founded in 1953 and is based in Greenville, South Carolina.

Sell $360M
Mergr

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