M&A Deal Summary

Bestpass Acquires ExpressTruckTax

On November 29, 2022, Bestpass acquired internet software and services company ExpressTruckTax from SPAN Enterprises

Acquisition Highlights
  • This is Bestpass’ 1st transaction in the Internet Software and Services sector.
  • This is Bestpass’ 2nd transaction in the United States.
  • This is Bestpass’ 1st transaction in South Carolina.

M&A Deal Summary
Date 2022-11-29
Target ExpressTruckTax
Sector Internet Software and Services
Buyer(s) Bestpass
Sellers(s) SPAN Enterprises
Deal Type Divestiture

Target

ExpressTruckTax

Rock Hill, South Carolina, United States
ExpressTruckTax offer truckers and fleet owners a simple solution for maintaining their compliance with the IRS by filing Form 2290 and amendments. ExpressTruckTax was founded in 2011 and is based in Rock Hill, South Carolina.

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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 2 of 4
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 2 of 3
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-23 MMTA

Columbia, Maryland, United States

MMTA is a non-profit, member-driven trade organization that has been serving Maryland's trucking industry. MMTA is one of the trucking associations in the country, representing 1,000 member companies. MMTA was founded in 1953 and is based in Columbia, Maryland.

Buy -
FOLLOWING 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

SPAN Enterprises

Rock Hill, South Carolina, United States
Category Company
Sector Software
DESCRIPTION

SPAN Enterprises is a developor of software tools for e-filing and business management tools for over a decade. SPAN Enterprises Portfolio of products includes TaxBandits, ExpressTaxExempt, ACAwise, ExpressExtension, 123PayStubs, and TruckLogics. SPAN Enterprises is based in Rock Hill, South Carolina.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Mergr

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