Onfolio Holdings Inc. has successfully completed the acquisition of a majority interest in DDS Rank, an SEO and digital marketing service provider for dentists. This strategic acquisition was executed with the help of Onfolio’s special purpose vehicle, Onfolio Agency SPV LLC, which secured a minority interest in DDS Rank. DDS Rank generated $310,000 in revenue and $190,000 in EBITDA for 2023. Onfolio aims to double DDS Rank’s revenue and EBITDA within the next fiscal quarters by enhancing marketing efforts and improving operations. The acquisition deal, valued at $600,000, was structured to avoid the need for additional equity capital from Onfolio shareholders. The transactions involve $200,000 in Series A Preferred Shares and a $200,000 secured promissory note, payable by May 2026. Onfolio’s acquisition strategy focuses on businesses with untapped potential and minimal technological or competitive obsolescence.

Digital Marketing, Private Equity, Healthcare Marketing,United States

https://www.globenewswire.com/news-release/2024/06/24/2902973/0/en/Onfolio-Holdings-Inc-Completes-DDS-Rank-Acquisition.html