Thoma Bravo finalizes $2 billion purchase of Olo, a leading digital ordering platform for the restaurant industry.
**Thoma Bravo Acquires Olo in $2 Billion Deal**
In a significant move for the restaurant industry, software investment firm Thoma Bravo has agreed to acquire Olo, a leading provider of digital ordering, payment solutions, and guest engagement tools, in an all-cash deal valued at approximately $2 billion. The transaction, expected to close by the end of 2025, subject to shareholder and regulatory approvals, will take Olo private.
Founded in 2005, Olo serves over 750 restaurant brands across more than 88,000 locations, processing millions of transactions daily. The company's open SaaS architecture and over 400 integration partners enable it to aggregate transaction data into actionable insights, providing restaurants with essential tools to manage orders, payments, and customer engagement effectively.
Thoma Bravo's involvement is intended to help Olo accelerate growth and strengthen its position as an essential partner to restaurants. The firm, known for its expertise in scaling software-as-a-service (SaaS) companies, believes in the incredible platform and deep customer relationships built by Olo over the last two decades. Hudson Smith, a Partner at Thoma Bravo, views Noah Glass, Founder and CEO of Olo, as a visionary who helped create the digital ordering category for restaurants.
The acquisition underscores Olo's market leadership and positions it for further dominance in cloud-based restaurant technology. Thoma Bravo's investment will likely enhance Olo's capabilities to innovate and expand its offerings. Peter Hernandez, a Senior Vice President at Thoma Bravo, will be involved in strategic and operational initiatives for Olo.
Olo shareholders will receive $10.25 per share in cash, representing a 65% premium over Olo's share price of $6.20 as of April 30, 2025. Brandon Gardner, Chair of the Board of Olo, is excited about the company joining Thoma Bravo, believing the transaction is in the best interest of shareholders. After the deal closes, Olo will become a privately held company.
The deal is expected to boost Olo's growth and enhance its platform for over 750 restaurant brands globally. It highlights the ongoing digitization of the restaurant industry, with Olo's platform central to this shift. As more restaurants adopt digital solutions, Olo's platform is poised to provide essential tools for restaurants to manage orders, payments, and customer engagement effectively.
Goldman Sachs is serving as the exclusive financial advisor to Olo, while Goodwin Procter and Kirkland & Ellis are serving as legal counsels to Olo and Thoma Bravo respectively. The transaction reflects a strategic move by Thoma Bravo to capitalize on the growing demand for digital solutions in the restaurant industry, positioning Olo for accelerated growth and further market leadership.
This acquisition by Thoma Brabbio, a notable player in finance and investing, positions Olo for growth in the business sector, particularly in the technology-driven restaurant industry. With Thoma Bravo's expertise in scaling SaaS companies, Olo aims to innovate and expand its offerings in digital ordering, payment solutions, and guest engagement tools.
