ePlus agrees to sell financing business to Marlin Leasing for about $180 million
On June 20, 2025, ePlus entered into an agreement to sell HoldCo, which holds the majority of its financing business segment, to Marlin Leasing Corporation (dba PEAC Solutions) for approximately $180 million in cash, subject to post-closing adjustments. The deal also allows ePlus to receive a holdback premium and two earn-out payments tied to post-closing performance, and the company expects to close within 60 days. For shareholders, the sale would remove the financing segment from ePlus and, per management, provide capital for growth and acquisitions in technology and services.
Key points
- Initial consideration of approximately $180 million in cash, based on HoldCo's estimated book value as of March 31, 2025, plus a $2,418,750 closing premium, less unpaid transaction expenses
- Up to $2,956,250 in holdback premium payments based on customer lease receivable origination targets, plus two earn-outs measured over three 12-month periods; the Lease Originations Earn-Out is capped at $10 million
- Closing is expected within 60 days; the HSR waiting period has expired, and either party may terminate if closing has not occurred by December 20, 2025
- CEO Mark Marron said the sale gives ePlus incremental capital to focus on growth and acquisition opportunities in technology and services
The filing
Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 23, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.