MeridianLink becomes private company and delists from NYSE
Centerbridge Partners, a global investment firm with deep expertise in financial services and technology, has completed its acquisition of MeridianLink, Inc., a leading provider of modern software platforms for financial institutions and consumer reporting agencies. The deal also includes a minority investment from Silversmith Capital Partners, aimed at fueling further growth and innovation.
As part of the transaction, MeridianLink shareholders received $20.00 in cash for each share of common stock they owned. Following the completion, MeridianLink’s stock has been delisted from the New York Stock Exchange.
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Larry Katz, President and CEO of MeridianLink, emphasized the company’s evolution: “MeridianLink has grown from a pioneer in digital lending to a market leader helping credit unions and community banks build lasting relationships with consumers. We are excited to accelerate our digital lending trajectory with Centerbridge and Silversmith. Together, we will unlock the full potential of our trusted, scalable platform by accelerating automation, harnessing AI and data, and enhancing customer experiences.”
From Centerbridge’s perspective, the acquisition aligns with a vision to support innovation in financial technology. Jared Hendricks, Senior Managing Director, and Ben Jaffe, Managing Director at Centerbridge, noted, “MeridianLink is uniquely positioned to meet the digital lending needs of financial institutions of all sizes through its end-to-end platform of trusted technology solutions. We look forward to collaborating with Larry and his team to drive the next phase of innovation and growth, enhancing platform capabilities and delivering even greater value to customers.”
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Silversmith Capital Partners also highlighted the strategic opportunity. Todd MacLean, Managing Partner, stated, “We’ve invested in technology providers to banks and credit unions for years, and MeridianLink presents a compelling opportunity. Partnering with Centerbridge, we are excited to back Larry and his team as they expand the platform, reinforce market leadership, and continue driving innovation.”
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This acquisition marks a significant milestone for MeridianLink, positioning the company to accelerate its digital lending solutions, leverage AI-driven innovation, and continue shaping a modern, efficient banking ecosystem for credit unions, community banks, and their customers.
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