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  6. True Link Financial Acquires Next Step Network

M&A Deal Summary

True Link Financial Acquires Next Step Network

On August 4, 2016, True Link Financial acquired business services company Next Step Network

Acquisition Highlights
  • This is True Link Financial’s 1st transaction in the Business Services sector.
  • This is True Link Financial’s 1st transaction in the United States.
  • This is True Link Financial’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2016-08-04
Target Next Step Network
Sector Business Services
Buyer(s) True Link Financial
Deal Type Add-on Acquisition

Target

Next Step Network

Louisville, Kentucky, United States
Next Step Network LLC is a provider of payment cards to people in recovery from alcohol or drug addiction.

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Buyer(S) 1

Buyer

True Link Financial

San Francisco, California, United States
Category Company
Founded 2013
Sector Financial Services
DESCRIPTION

True Link Financial, Inc. is a diversified financial services firm whose services preserve and increase individuals' independence and quality of life. The firm offers a range of payments, investment, and insurance products primarily to older adults, people with disabilities, and people in recovery.

DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Kentucky M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1
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