M&A Deal Summary

Convenient Brands Acquires Web-Est

On January 24, 2024, Convenient Brands acquired software company Web-Est

Acquisition Highlights
  • This is Convenient Brands’ 5th transaction in the Software sector.
  • This is Convenient Brands’ 5th transaction in the United States.
  • This is Convenient Brands’ 1st transaction in Florida.

M&A Deal Summary
Date 2024-01-24
Target Web-Est
Sector Software
Buyer(s) Convenient Brands
Deal Type Add-on Acquisition

Target

Web-Est

Oldsmar, Florida, United States
Web-Est provides auto collision estimation software to independent auto body shops in the United States. The Company’s software enables body shops to complete repair estimates through a low-cost, high-value, logic-based software solution. Web-Est is based in Oldsmar, Florida.

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Buyer(S) 1

Buyer

Convenient Brands

Draper, Utah, United States
Category Company
Founded 2012
Sector Information Technology
DESCRIPTION

Convenient Brands is an advanced technology provider of end-to-end payment solutions, integration platforms, and stored-value products for private and public sectors, in person, and online. Convenient Brands was founded in 2012 and is based in Draper, Utah.

DEAL STATS #
Overall 6 of 6
Sector (Software) 5 of 5
Type (Add-on Acquisition) 6 of 6
State (Florida) 1 of 1
Country (United States) 5 of 5
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-17 ImEX Systems

Vancouver, British Columbia, Canada

ImEX Systems provides full management software to auto body shops, including a recently released web-based app that has functionality for repair estimates, technician scheduling, parts ordering, and time tracking. ImEX Systems was founded in 1994 and is based in Vancouver, British Columbia.

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