M&A - EPLUS INC

Form Type: 8-K/A

Filing Date: 2025-07-07

Corporate Action: Acquisition

Type: Update

Accession Number: 000114036125025044

Filing Summary: On June 30, 2025, ePlus inc. completed the sale of 100% of the membership interests of its wholly-owned subsidiary Expo Holdings, LLC to Marlin Leasing Corporation. This transaction involved the sale of domestic subsidiaries that represent the majority of the company's financing business segment. The report is an amendment to the original Form 8-K filed to provide pro forma financial statements required by the SEC. The pro forma financial information, intended to reflect the impacts of the transaction, is included as Exhibit 99.2. Additionally, the filing mentions forward-looking statements regarding the anticipated benefits of the transaction, potential holdback premiums, and adjustments that may occur post-closing.

Form Type: 8-K

Filing Date: 2025-07-01

Corporate Action: Acquisition

Type: New

Accession Number: 000102240825000054

Filing Summary: ePlus inc. completed the acquisition of Expo Holdings, LLC on June 30, 2025. The transaction was executed via a Membership Interest Purchase Agreement with Marlin Leasing Corporation, which agreed to purchase Expo Holdings for approximately $180 million. This deal encompasses the majority of ePlus's financing business segment. In light of the acquisition completion, ePlus plans to update its fiscal 2026 guidance during the next earnings call, as announced in a press release issued on July 1, 2025. The transaction includes ancillary agreements for post-closing transition services between ePlus and Marlin Leasing. Notably, there are provisions for post-closing price adjustments and potential earn-out payments.