LegalZoom Announces Acquisition of Formation Nation to Accelerate Go-To-Market Strategy and Expand Portfolio of Small Business Solutions
1. LegalZoom acquires Formation Nation to enhance small business services. 2. Formation Nation provides high-quality customer service and compliance solutions. 3. Transaction closed for $49.3 million cash, plus restricted stock. 4. Preliminary Q4 2024 revenue estimated at $161.7 million. 5. Acquisition expected to positively impact Adjusted EBITDA and earnings.