The deal is final: D.C.-based incubator 1776 and Philly coworking chain Benjamin’s Desk have officially merged their businesses in a new company that will retain the 1776 name.

Reports of a deal between the two companies first surfaced late last month, when a Washington Business Journal report said the Philly company was in talks to acquire 1776. A source with knowledge of the deal confirmed to Technical.ly at the time that a deal was on the table, but that it was a merger, not a straight-up acquisition.

As part of the deal, former 1776 CEO Evan Burfield will become Executive Chairman, with the co-CEO duo of Anthony and Jen Maher taking their former titles in the new company. 1776’s UNION platform (which went live in Philly in the spring with Benjamin’s Desk as partner) will spinout into a separate company with Burfield at the helm.

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