M&A Deal Summary

Bestpass Acquires Drivewyze

On August 7, 2024, Bestpass acquired software company Drivewyze from Sageview Capital

Acquisition Highlights
  • This is Bestpass’ 1st transaction in the Software sector.
  • This is Bestpass’ 1st transaction in Canada.
  • This is Bestpass’ 1st transaction in Alberta.

M&A Deal Summary
Date 2024-08-07
Target Drivewyze
Sector Software
Buyer(s) Bestpass
Sellers(s) Sageview Capital
Deal Type Add-on Acquisition

Target

Drivewyze

Edmonton, Alberta, Canada
Drivewyze is a smart mobility services company for the transportation industry. Drivewyze serves commercial drivers and fleets with innovative trucking apps such as Drivewyze PreClear Bypass service. Drivewyze was founded in 2010 and is based in Edmonton, Alberta.

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Buyer(S) 1

Buyer

Bestpass

Albany, New York, United States
Category Company
Founded 2001
Sector Software
DESCRIPTION

Bestpass is a comprehensive payment platform provider and leader in toll management solutions for commercial fleets of all shapes and sizes. With more than 13,000 customers and more than 675,000 deployed toll transponders in the United States and Canada, Bestpass ensures data accuracy, consolidates payments, delivers invaluable industry expertise, and saves its users time and money. Bestpass was founded in 2001 and is based in Albany, New York.

DEAL STATS #
Overall 4 of 4
Sector (Software) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-28 Fleetworthy Solutions

Madison, Wisconsin, United States

Fleetworthy Solutions is a provider of outsourced compliance services to owners and operators of truck fleets that take them Beyond Compliant. Fleetworthy combines exceptional client service, advanced technologies and more than 30 years of transportation industry expertise to make sure that drivers and assets are fleet worthy. The company helps private fleets, for-hire carriers, and third-party logistics companies of all sizes surpass compliance of federal, state, and local regulations and streamline processes to reduce costs and mitigate risks. Fleetworthy Solutions was established in 1983 and is based in Madison, Wisconsin.

Buy -

Seller(S) 1

SELLER

Sageview Capital

Palo Alto, California, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2005
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Sageview Capital is a private investment firm focused on minority investments in financial services, technology, and business services companies. Sageview looks to invest $20 to $100 million per transaction to support growth, provide acquisition financing, or fund shareholder liquidity needs. Target companies typically possess proven business models, strong management, opportunities for growth, and defensible market positions. Sageview Capital was formed in 2005 and has offices in Palo Alto, California and Greenwich, Connecticut.

DEAL STATS #
Overall 17 of 17
Sector (Software) 3 of 3
Type (Add-on Acquisition) 5 of 5
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-17 National Arbitration and Mediation

New York, New York, United States

National Arbitration and Mediation provides alternative dispute resolution (“ADR”) services offering a cost-effective alternative to expensive and often time-consuming litigation. NAM was established in 1992 and is based in New York City.

Sell -
Mergr

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