Olo Inc. to Go Private: Thoma Bravo’s $2 Billion Acquisition

In a bold move that underscores the resilience of private equity in today’s volatile markets, Thoma Bravo has announced a $2 billion deal to acquire Olo Inc., a leading provider of cloud-based, on-demand commerce platforms for the restaurant industry. This acquisition, set to take Olo private, highlights the strategic value seen in technology firms that cater to multi-location restaurant brands.

A Lucrative Offer for Olo Shareholders

Olo shareholders are set to receive a substantial windfall from this transaction. Each share will be valued at $10.25 in cash, marking a 65% premium over Olo’s unaffected share price of $6.20 as of April 30, 2025. This premium reflects the high demand and strategic importance of Olo’s technology solutions in the restaurant sector, which processes millions of transactions daily.

Strategic Implications for the Restaurant Industry

Olo’s acquisition by Thoma Bravo is poised to significantly impact the restaurant technology landscape. With its open SaaS platform and a network of over 400 integration partners, Olo serves approximately 88,000 restaurant locations globally. The move to go private is expected to fuel further growth and innovation, enhancing Olo’s suite of digital ordering, payment, and guest engagement solutions.

Market Reaction and Future Prospects

Despite the high valuation, the deal underscores the confidence of private equity in Olo’s potential to drive growth and innovation. The acquisition is anticipated to close by the end of 2025, marking a new chapter for Olo as it transitions from a publicly traded company to a privately held entity. This shift is expected to provide Olo with the flexibility to accelerate its mission of empowering restaurants with cutting-edge technology solutions.

Conclusion

Thoma Bravo’s acquisition of Olo Inc. is a testament to the enduring appeal of technology firms that offer scalable solutions to complex industry challenges. As Olo goes private, stakeholders are keenly watching how this strategic move will shape the future of restaurant technology and drive value for the brands it serves.