Thoma Bravo has agreed to acquire restaurant technology firm Olo in an all-cash deal worth $2 billion, offering $10.25 per share—a 65% premium over its pre-sale-rumor valuation. The acquisition will take Olo private and is expected to accelerate its growth by enhancing its digital ordering, payments, and customer engagement platform, which currently serves over 750 restaurant brands across 88,000 locations. The deal underscores private equity’s continued interest in vertical SaaS, with Olo showing improved profitability and strategic value despite past workforce reductions.
Thoma Bravo to Acquire Olo in Deal Valuing Restaurant Tech Firm at $2 Billion
