GreenSky today completed the previously announced acquisition of the company by a consortium of institutional investors led by Sixth Street and including KKR, Bayview Asset Management and CardWorks from Goldman Sachs. As part of the transaction, GreenSky is also deepening its strategic partnership with Synovus Bank, which has been an integral part of the GreenSky® Program since 2015.
The GreenSky Program is the largest lending platform for home improvement loan originations by banks in the United States. 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 over 10,000 merchants and helps them accelerate their business results by incorporating seamless financing into their commerce and sales experience.
“GreenSky’s mission has always been to deliver exceptional value, helping businesses grow and delight their customers,” said Tim Kaliban, CEO of GreenSky. “We’re excited about the funding, scale and continuity our new institutional investors bring to our enterprise.”
“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,” said Michael Muscolino, Co-Founder and Partner at Sixth Street. “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.”
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