Pushpay buys Colorado rival for US$87.5m

Fri, 13 Dec 2019

Pushpay Holdings will add about 4,000 church customers to its books with the US$87.5 million acquisition of rival Church Community Builder, although co-founder Chris Heaslip signalled his departure next year.Pushpay bought 100 percent of the Colorado-based company’s shares in an all-cash deal, and is bringing its founder Chris Fowler on to the NZX-listed company’s board.Fowler also bought US$15 million of shares form Pushpay director Heaslip at the market price of $3.97. Heaslip will resign from the Pushpay board on March 31, having left his ex...

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