Katapult completes merger with Aaron's and CCFI

Katapult Holdings, Inc. (NASDAQ: KPLT) announced it has completed its all-stock combination with The Aaron's Company, Inc. and CCF Holdings LLC, forming a combined company that reported more than $4 billion in 2025 pro forma revenue and more than $460 million in 2025 pro forma adjusted EBITDA.

Aaron's and CCFI, along with Katapult's existing operating business, are now wholly owned indirect subsidiaries of Katapult Holdings. The combined company will continue to trade on the Nasdaq under the ticker symbol "KPLT" and remains headquartered in Atlanta, Georgia.

Under the ownership structure, existing CCFI unitholders hold approximately 80% of the combined company on a fully diluted basis, while Aaron's stockholders and Katapult Holdings stockholders hold approximately 14% and 6%, respectively.

The combined company will operate through two segments: Lease-to-Own & Retail, which includes Aaron's and Katapult, and Consumer Finance, which includes CCFI. All three brands will continue to operate independently under the combined structure.

Cory Miller serves as Chief Executive Officer, with Kyle Hanson as Executive Chairman. Other named executives include President Bill Baker, Chief Financial Officer Russell Falkenstein, Chief Legal Officer Rachel George, and Chief Accounting Officer Doug Noe.

The company states its combined platform covers data on 7 million consumers and connects retail locations and merchant partnerships with e-commerce and digital capabilities.

Financial results for the quarter ending September 30, 2026, are expected to reflect the impact of the merger beginning on the closing date of August 11, 2026.

Guggenheim Securities advised Katapult Holdings, with Davis Polk & Wardwell as legal counsel. J.P. Morgan Securities advised Aaron's, with King & Spalding as legal counsel. Morrison Foerster served as legal counsel to CCFI.

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