MeridianLink, Inc. announced on August 11, 2025, that it has entered into a definitive agreement to be acquired by funds advised by affiliates of Centerbridge Partners, L.P. The all-cash transaction values MeridianLink at an enterprise value of approximately $2.0 billion. Shareholders will receive $20.00 per share in cash, representing a premium of approximately 26% over the closing price of MeridianLink shares as of August 8, 2025. Upon closing, expected in the second half of 2025, MeridianLink will become a private company.
Concurrently, MeridianLink reported its financial results for the second quarter ended June 30, 2025. Total revenue for the second quarter was $84.6 million, an 8% increase year-over-year. Lending software solutions revenue grew 12% year-over-year to $68.7 million. The company reported a net loss of $3.0 million for the quarter. Cash flow from operations was $19.2 million, and free cash flow was $17.1 million.
In light of the announced transaction, MeridianLink cancelled its scheduled earnings conference call and suspended its financial guidance for the full year 2025. Larry Katz, President and CEO-designate, stated that the transaction maximizes value for shareholders and advances the company's strategy to accelerate product innovation, harness AI and data, and enhance customer experiences.
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