M&A Deal Summary

Goldman Sachs Merchant Banking Acquires Verra Mobility

On September 25, 2008, private equity firm Goldman Sachs Merchant Banking acquired safety/security company Verra Mobility from TransCore Holdings

Acquisition Highlights
  • This is Goldman Sachs Merchant Banking’s 1st transaction in the Safety/Security sector.
  • This is Goldman Sachs Merchant Banking’s 46th transaction in the United States.
  • This is Goldman Sachs Merchant Banking’s 1st transaction in Arizona.
Investment Fate
  • Verra Mobility was sold to a consortium of financial buyers in 2017.
  • Verra Mobility went public in 2018.

M&A Deal Summary

Date 2008-09-25
Target Verra Mobility
Sector Safety/Security
Buyer(s) Goldman Sachs Merchant Banking
Sellers(s) TransCore Holdings
Deal Type Divestiture

Target

Verra Mobility

Mesa, Arizona, United States
Verra Mobility is a provider of smart mobility, serving the world's largest commercial fleets and rental car companies in managing tolling transactions and violations for more than 8.5 million vehicles and operating more than 4,000 red-light, speed, and school bus stop arm safety cameras. Verra Mobility maintains its leadership position in the marketplace through meaningful scale and has demonstrated consistent revenue growth underscored by its differentiated transaction processing model. Verra Mobility was founded in 2016 and is based in Mesa, Arizona.

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Buyer(S) 1

Buyer

Goldman Sachs Merchant Banking

New York, New York, United States

Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 155.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.


DEAL STATS #
Overall 66 of 189
Sector: Safety/Security M&A 1 of 2
Type: Divestiture M&A Deals 8 of 13
State: Arizona M&A 1 of 4
Country: United States M&A 46 of 130
Year: 2008 M&A 11 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-01 CIFA

Milano, Italy

​CIFA is a concrete equipment manufacturer offering full-line concrete equipment including concrete pumps, concrete mixers, plants, and formworks. CIFA was founded in 1928 and is based in Milano, Italy.

Buy €511M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-20 Legends

New York, New York, United States

Legends provides hospitality, merchandise, ticket sales, planning, sponsorships and experiential services to the sports and entertainment industries, as well as the management of landmark attractions such as Yankee Stadium, AT&T Stadium (home of the Dallas Cowboys) and the observatory at New York City’s World Trade Center. Legends was founded in 2008 and is based in New York.

Buy -

Seller(S) 1

SELLER

TransCore Holdings

Hummelstown, Pennsylvania, United States

Category Company
Sector Information Technology
DESCRIPTION

TransCore Holdings, Inc is a provider of technologies and related services in areas such as radio frequency identification (RFID), satellite-based communication, mobile asset tracking, security applications and comprehensive toll system and processing services.


DEAL STATS #
Overall 1 of 1
Sector: Safety/Security M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Arizona M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2008 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-07-17 Verra Mobility

Mesa, Arizona, United States

Verra Mobility is a provider of smart mobility, serving the world's largest commercial fleets and rental car companies in managing tolling transactions and violations for more than 8.5 million vehicles and operating more than 4,000 red-light, speed, and school bus stop arm safety cameras. Verra Mobility maintains its leadership position in the marketplace through meaningful scale and has demonstrated consistent revenue growth underscored by its differentiated transaction processing model. Verra Mobility was founded in 2016 and is based in Mesa, Arizona.

Buy -