MeridianLink, a leading provider of modern software platforms for financial institutions and reporting agencies, has entered into a definitive agreement to be acquired by Centerbridge Partners, L.
P., a global investment firm. This all-cash transaction values MeridianLink at an enterprise value of approximately $2.0 billion, or $20.00 per share, and coincides with the company’s announcement of its financial results for the second quarter ended June 30, 2025.
Nicolaas Vlok, chief executive officer of MeridianLink, stated that the second quarter results demonstrate strong execution despite an uncertain environment. He expressed gratitude for leading the business and pride in the team that built the company’s market-leading platform and partner ecosystem. Mr. Vlok affirmed that a strong foundation has been laid for the next chapter, with Larry Katz poised to assume the CEO role in October.
Larry Katz, president and chief executive officer designate of MeridianLink, commented on the power of their solutions to enhance lending accessibility and efficiency for community lending institutions and their customers. Regarding the acquisition, Mr. Katz indicated that the transaction with Centerbridge Partners is expected to maximize shareholder value and advance the company’s strategy by accelerating product innovation, leveraging AI and data, and improving customer experiences. He expressed pride in the team and anticipation for further developing their scalable platform.
For the second quarter ended June 30, 2025, MeridianLink reported total revenue of $84.6 million, an 8% increase year-over-year. Lending software solutions revenue specifically grew by 12% year-over-year, reaching $68.7 million. The company posted an operating income of $5.2 million, or 6% of revenue, and a non-GAAP operating income of $23.0 million, representing 27% of revenue. Net loss for the quarter was $(3.0) million, or (4)% of revenue, with adjusted EBITDA recorded at $38.4 million, or 45% of revenue. Additionally, cash flows from operations stood at $19.2 million, equating to 23% of revenue, and free cash flow was $17.1 million, or 20% of revenue.
In light of the announced transaction, MeridianLink has cancelled its earnings conference call previously scheduled for August 11, 2025. The company has also suspended its financial guidance for the full year 2025, a customary action during the pendency of such a transaction.
About MeridianLink: MeridianLink empowers financial institutions and consumer reporting agencies to drive efficient growth. Its cloud-based digital lending, account opening, background screening, and data verification software solutions leverage shared intelligence from a unified data platform, MeridianLink One, to enable customers to identify growth opportunities, scale operations, and support compliance efforts. For over 25 years, MeridianLink has focused on democratizing lending for consumers, businesses, and communities.
