- Pushpay (PPH) has acquired Church Community Builder for A$126 million to deliver a fully-integrated church management system for the U.S. faith market
- The church management system compliments Pushpay’s custom community app and aligns with the company’s strategy of bringing innovative solutions for customers
- Church Community Builder Founder, Chris Fowler will bring his lifelong experience to the Pushpay Board as an Executive Director
- Pushpay is up 4.26 per cent and shares are trading for $3.92 each
Pushpay (PPH) has acquired Church Community Builder to deliver a fully-integrated church management system (ChMS) for the U.S. faith market.
The acquisition is for a total cash consideration of US$87.5 million (A$126 million)
Church Community Builder is a U.S.-based provider of ChMS solutions to over 4000 churches in the U.S. faith sector.
It provides a platform that churches use to connect with community members, record member service history, track online giving and perform a range of administrative functions.
Its ChMS offering is highly complementary to Pushpay’s custom community app and aligns strongly with the company’s strategy of bringing innovative solutions for customers.
Church Community Builder Founder, Chris Fowler will join the Pushpay Board of Directors as an Executive Director. Chris will provide strategic U.S. faith market insights.
“The partnership of Church Community Builder with Pushpay comes at a crucial time for customers in the US faith sector,” Chris said.
“We are excited for what the future holds and confident that together, we will enable the church to inspire generosity by equipping them with industry-leading tools to build community, engage people and grow ministries,” he added.
Chris has been involved with the church since he was a child. His father was a worship pastor and his grandfather was a senior pastor. The founder brings 26 years of business experience and a strategic edge to Pushpay and its future goals.
Pushpay has reported, aside from transaction costs, the combining of business is not expected to materially impact its revenue or EBITDAF (Earnings before Interest, Tax, Depreciation, Amortisation and Foreign Currency) in the current financial year to March 31 2020.
The business combination is expected to be accretive in the 2021 financial year and from the 2022 financial year onwards, deliver material accretion and revenue benefits to Pushpay.
Pushpay is up 4.26 per cent and shares are trading for $3.92 each at 2:34 pm AEDT.