Weave Communications announced the completion of its previously announced acquisition by Willow Parent, LLC, an affiliate of Francisco Partners. As a result of the merger, Weave has become a wholly owned subsidiary of the acquirer, and its common stock will be delisted from the New York Stock Exchange.
Key Details
- Acquisition Terms: Each share of Weave common stock was converted into the right to receive $7.40 in cash, for a total transaction value of approximately $597.46 million.
- Completion & Delisting: The merger was completed on October 26, 2026. Consequently, Weave notified the NYSE to delist its common stock (WEAV) and intends to suspend its public reporting obligations.
- New Financing: In connection with the closing, Weave entered into a new Credit Agreement providing for facilities totaling $240 million, comprised of a $190 million term loan, a $25 million delayed draw term loan, and a $25 million revolving credit facility. The company's prior credit facility was terminated.
- Board & Governance: Upon completion of the merger, eight directors resigned from Weave's board. Brett White and Jason Christiansen were appointed as the new directors of the surviving corporation.