M&A Deal Summary |
|
|---|---|
| Date | 2017-11-01 |
| Target | WEX Fuel Management |
| Sector | Software |
| Buyer(s) | PDI Software |
| Sellers(s) | WEX |
| Deal Type | Divestiture |
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PDI Software is a provider of enterprise-class retail automation software to convenience store retailers and wholesale petroleum marketers. PDI develops, sells and supports a software solution for managing back-office and day-to-day management processes such as accounting, product pricing, inventory, fuel purchasing, card processing and employee scheduling for retail convenience store and wholesale fuel businesses. PDI Software was founded in 1983 and is based in Alpharetta, Georgia.
| DEAL STATS | # |
|---|---|
| Overall | 6 of 25 |
| Sector (Software) | 3 of 8 |
| Type (Divestiture) | 2 of 5 |
| State (Kentucky) | 1 of 1 |
| Country (United States) | 5 of 20 |
| Year (2017) | 5 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-04-05 |
LOMOSOFT
Offenbach, Germany LOMOSOFT GmbH is a provider of planning software and mobile computing for secondary distribution chain in the oil and gas industry. LOMOSOFT supplies a comprehensive package allowing our customers to achieve lower inventory costs on site, lower distribution costs, and increased quality of supply. LOMOSOFT GmbH was established in 1989 and is headquartered in Offenbach, Germany. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-01-08 |
TouchStar Group
Tulsa, Oklahoma, United States TouchStar Group LLC is a multinational logistics automation company. TouchStar Group was founded in 2003 and is based in Tulsa, Oklahoma. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1983 |
| Sector | Information Technology |
| Employees | 5,300 |
| Revenue | 2.5B USD (2023) |
WEX is a global provider of payment processing and information management services. The Company primarily focuses on simplifying the complexities of payment systems across a wide range of sectors, including fleet, travel and healthcare. For the fleet industry, WEX offers fuel cards and vehicle maintenance solutions to help companies manage their fleets more efficiently. In the travel sector, WEX provides virtual payment solutions that enable travel agencies, corporate travel departments, and online travel providers to automate and manage payments to suppliers. For healthcare, WEX offers healthcare payment products and services that facilitate payments and transactions between patients, providers, and payers. WEX was formed in 1983 and is based in Portland, Maine.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector (Software) | 1 of 1 |
| Type (Divestiture) | 2 of 2 |
| State (Kentucky) | 1 of 1 |
| Country (United States) | 2 of 2 |
| Year (2017) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-10-19 |
Electronic Funds Source
Ogden, Utah, United States Electronic Funds Source LLC is a provider of innovative and customized corporate payment technology solutions. |
Buy | $1.1B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-10-22 |
Noventis
Houston, Texas, United States Noventis, Inc. is an electronic payments network focused on optimizing payment delivery for bills and invoices to commercial entities. Noventis was founded on the principle of refusing to accept the status quo in the delivery of invoice and bill payments. From the beginning, we recognized the payment industry’s need for new ideas and we pushed past conventional thinking with innovative and progressive solutions. |
Buy | - |
