M&A Deal Summary

Rocket Companies Acquires Truebill

On December 20, 2021, Rocket Companies acquired internet software and services company Truebill for 1.3B USD

Acquisition Highlights
  • This is Rocket Companies’ 1st transaction in the Internet Software and Services sector.
  • This is Rocket Companies’ largest (disclosed) transaction.
  • This is Rocket Companies’ 1st transaction in the United States.
  • This is Rocket Companies’ 1st transaction in Maryland.

M&A Deal Summary
Date 2021-12-20
Target Truebill
Sector Internet Software and Services
Buyer(s) Rocket Companies
Deal Type Add-on Acquisition
Deal Value 1.3B USD

Target

Truebill

Silver Spring, Maryland, United States
Truebill is a provider of personal finance app that analyzes members’ spending habits, identifies inefficiencies, and offers immediate methods to improve their financial health. Truebill was founded in 2016 and is based in Silver Spring, Maryland with offices in San Francisco.

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Buyer(S) 1

Buyer

Rocket Companies

Detroit, Michigan, United States
Category Company
Founded 1985
Sector Business Services
Employees26,000
Revenue 3.6B USD (2023)
DESCRIPTION

Rocket Companies enables homeownership and financial freedom to clients by providing simple, fast, and trusted digital solutions for complex transactions. Rocket Companies was founded in in 1985 and is based in Detroit, Michigan.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Maryland) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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