WEX M&A Summary
WEX has acquired 21 companies, including 5 in the last 5 years. A total of 9 acquisitions came from private equity firms. It has also divested 2 assets.
WEX’s largest acquisition to date was in 2015, when it acquired Electronic Funds Source for $1.1B. It’s largest disclosed sale occurred in 2014, when it sold Pacific Pride Services to Corpay for $50M. WEX has acquired in 11 different US states, and 6 countries. The Company’s most targeted sectors include business services (37%) and internet software and services (22%).
M&A Summary
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M&A Total Activity21
- M&A Buy Activity19
- M&A Sell Activity2
- Total Sectors Invested 5
- Total Countries Invested 6
- M&A Buy/Sell Connections 13