Katapult, Aaron's and CCF merge into $4B nonprime lender

What's the deal? Katapult Holdings, The Aaron's CompanyDealroom has a profile for this one. Try Dealroom → and CCF Holdings have completed an all-stock business combination, creating a scaled financial services platform focused on nonprime consumers. The combined business will continue under the Katapult Holdings name and trade on Nasdaq under the ticker KPLT.

The structure: Following the August 11, 2026 closing, Aaron's and CCF Holdings, along with Katapult's operating business, became wholly owned indirect subsidiaries of Katapult Holdings. Existing CCFI unitholders hold approximately 80% of the combined company on a fully diluted basis, former Aaron's stockholders about 14%, and existing Katapult stockholders about 6%.

The financials: The combined company generated more than $4 billion in 2025 pro forma revenue and more than $460 million in pro forma adjusted EBITDA. The platform brings together lease-to-own products and other alternative consumer financial services across retail and digital channels, with data covering approximately 7 million consumers.

The signal: The merger consolidates three businesses serving nonprime consumers across retail, digital, lease-to-own and consumer finance markets, with Katapult expecting to report through Lease-to-Own & Retail and Consumer Finance segments.

Read more: Citybiz

Image credit: Generated with Gemini