Zinger Key Points
- SilverSun announced Jacobs Private Equity II will invest $1 billion in the company.
- Jacobs will become CEO and majority stockholder.
- Ready to turn the market’s comeback into steady cash flow? Grab the top 3 stocks to buy right here.
SilverSun Technologies Inc SSNT shares are trading higher by 134.6% to $8.62 Monday morning after the company announced Jacobs Private Equity II will invest $1 billion ($900 million from JPE, $100 million from co-investors) in SilverSun.
Jacobs will become CEO and majority stockholder, planning to spin off the existing business and create a new platform for undisclosed industry acquisitions, alongside a rebranding effort.
SilverSun says Jacobs, known for building multibillion-dollar companies through M&A and technology, aims to replicate this success in this new venture.
See Also: Where Is S&P 500 Headed In 2024?
According to data from Benzinga Pro, SSNT has a 52-week high of $7.14 and a 52-week low of $2.67.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
