M&A Deal Summary

Verra Mobility Acquires Highway Toll Administration

On March 1, 2018, Verra Mobility acquired software company Highway Toll Administration

Acquisition Highlights
  • This is Verra Mobility’s 1st transaction in the Software sector.
  • This is Verra Mobility’s 3rd transaction in the United States.
  • This is Verra Mobility’s 1st transaction in New York.

M&A Deal Summary
Date 2018-03-01
Target Highway Toll Administration
Sector Software
Buyer(s) Verra Mobility
Deal Type Add-on Acquisition

Target

Highway Toll Administration

Roslyn Heights, New York, United States
Highway Toll Administration LLC is a provider of toll software services for the rental car industry. HTA has processed hundreds of millions of electronic toll collection transactions with data from both transponder-based and license-plate-based video tolling.

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Buyer(S) 1

Buyer

Verra Mobility

Mesa, Arizona, United States
Category Company
Founded 2016
Sector Safety/Security
Employees1,581
Revenue 817M USD (2023)
DESCRIPTION

Verra Mobility is a global leader in 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.

DEAL STATS #
Overall 3 of 7
Sector (Software) 1 of 1
Type (Add-on Acquisition) 3 of 6
State (New York) 1 of 1
Country (United States) 3 of 4
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-26 Rent A Toll

Plano, Texas, United States

Rent A Toll Ltd. is a provider of toll management solutions to rental car companies and corporate fleets. The company was founded in 2004 on the premise that every traveler’s time is valuable and that every traveler should have valid access to toll road express lanes. Rent A Toll’s toll solutions focus on guaranteeing toll payments to the toll authorities, eliminating rental car and fleet vehicle violations and providing safe and convenient access to express toll lanes for the traveler.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-09 Euro Parking Collection

London, United Kingdom

Euro Parking Collection Plc specializes in the identification, notification and collection of unpaid traffic and public transport related fees, charges and penalties issued to foreign registered vehicles or rental vehicles with foreign or non-resident hirers (FRV) across Europe. These include parking, road tolls, and congestion and traffic penalties.

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Mergr

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