Katapult Holdings completed its business combination with Aaron’s and CCFI on August 11, 2026. The transaction created a combined entity generating over $4 billion in 2025 pro forma revenue and more than $460 million in adjusted EBITDA. Former CCFI equityholders own approximately 79.8% of the combined company, former Aaron’s equityholders own 14.1%, and existing Katapult stockholders retain 6.1%. The deal was funded via a TopCo Term Loan Agreement providing up to $200 million in senior secured debt and a MidCo Term Loan for approximately $75 million used to repurchase preferred shares. Cory Miller assumed the role of CEO, Kyle Hanson became Executive Chairman, and Russell Falkenstein joined as CFO. Katapult Holdings operates in the alternative consumer finance industry, providing lease-to-own solutions and financial services to nonprime consumers.
