Olo, a U.S.-based software company that provides digital ordering, payment, and guest engagement tools for restaurants, has announced a definitive agreement to be acquired by private equity firm Thoma Bravo in an all-cash deal valued at approximately $2 billion. As part of the transaction, shareholders will receive $10.25 per share in cash, a 65% premium over Olo’s closing price of $6.20 on April 30, 2025. The company, which supports over 750 restaurant brands across 88,000 locations, will become privately held following the deal’s expected closure by the end of 2025, subject to regulatory and shareholder approvals.
The acquisition has received unanimous approval from Olo’s Board of Directors. Founder and CEO of Olo, Noah Glass, commented, “By partnering with Thoma Bravo, we believe we can build on our success to date and accelerate our vision of helping our customers create a world where every restaurant guest feels like a regular.” Brandon Gardner, Board Chair, noted, “The company’s strong market position has allowed us to achieve a significant premium through this transaction, and the Board unanimously believes that this is in the best interest of our shareholders.” Thoma Bravo Partner Hudson Smith praised Olo’s platform and strong customer relationships, expressing anticipation about supporting the company as it pursues major opportunities in the hospitality industry.
