NerdWallet to acquire Durango’s On the Barrelhead in $120M deal
DURANGO, Colorado — San Francisco-based NerdWallet Inc. (Nasdaq: NRDS), an online platform that provides financial guidance to consumers and small- and mid-sized businesses, has signed an agreement to acquire On the Barrelhead Inc., a Durango-based company that provides credit-driven recommendations to help customers improve their financial lives.
Through the acquisition, On the Barrelhead will integrate into NerdWallet’s existing teams, brand, products and technology, the companies said in a press release. The deal is valued at about $120 million, including $70 million in cash and $50 million in NerdWallet Class A common stock.
“Our vision for a trusted financial ecosystem means we’re able…
THIS ARTICLE IS FOR SUBSCRIBERS ONLY
Continue reading for less than $3 per week!
Get a month of award-winning local business news, trends and insights
Access award-winning content today!