Vacasa Is Now a Casago Company After Acquisition Closes

Key Points

• Casago completed its $47.4 million acquisition of Vacasa, ending Vacasa's time as a public company.
• Vacasa's board and top executives resigned, and key private equity shareholders now hold a 26% stake in Casago.
• Despite a higher competing offer, Vacasa shareholders approved Casago's bid, and lawsuits are expected.

Summary

Casago has officially acquired Vacasa for $47.4 million, marking the end of Vacasa's 1,242-day run as a public company. Following the acquisition, Vacasa's CEO, interim CFO, and entire board resigned, and the company is now branded as 'A Casago Company.' Three major private equity shareholders, who supported Casago's lower bid over a higher competing offer, now own a significant share of Casago. Shareholder lawsuits are likely to arise due to the board's rejection of the higher bid.