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Olive com, PayLink Direct to go public in deal with Franklin McLarty-led SPAC autonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autonews.com Daily Mail and Mail on Sunday newspapers.
Olive Ventures on track to go public
MDH Acquisition Corp., a private equity company owned by Franklin McLarty, announced a partnership Friday to take public PayLink Direct, an industry leading payment services provider that currently has the largest market share, and Olive.com, a leading digital vehicle protection plan platform. The companies will become public as Olive Ventures Holdings Inc. known as Olive.com, the name of the existing digital platform.
The new public company, Olive.com, will be a combination of two platforms: Olive.com s current digital vehicle protection plan platform and PayLink Direct s payment services operation. PayLink Direct, founded in 2006 by Chief Executive Officer Rebecca Howard, has a 15-year track record of profitability and will become a division of Olive.com.