M&A
confidence high
sentiment neutral
materiality 0.90
Thryv to acquire Keap for $80M, announces $75M equity offering and preliminary Q3 results
Thryv Holdings, Inc.
- Thryv entered into a merger agreement to acquire all outstanding capital stock of Infusion Software (Keap) for $80 million in cash.
- Thryv launched a $75.0 million public offering of common stock, with an underwriter option for an additional 15%, to fund the Keap acquisition.
- Preliminary Q3 2024 SaaS revenue expected $86M-$88M, up 28-31% year-over-year; SaaS Adjusted EBITDA expected $10M-$11M.
- Thryv recorded a non-cash goodwill impairment charge of $83.1 million in its Marketing Services reporting unit, fully reducing goodwill to zero.
- Thryv received an SEC subpoena on October 17, 2024, requesting documents related to its client conversion from digital marketing to SaaS.