Synchrony Financial has agreed to acquire Ally Financial’s point-of-sale financing business, including $2.2 billion of loan receivables. The acquisition aims to enhance Synchrony’s position in the home improvement and health and wellness financing sectors. The deal is expected to close in the first quarter of 2024, subject to customary closing conditions. Synchrony anticipates the acquisition to be accretive to full-year 2024 earnings per share.
Synchrony and Ally Financial Reach Agreement on Sale of Ally’s Point-of-Sale Financing Business
