M&A Deal Summary

Verra Mobility Acquires Nestor Traffic Systems

On September 9, 2009, Verra Mobility acquired technology hardware company Nestor Traffic Systems

Acquisition Highlights
  • This is Verra Mobility’s 1st transaction in the Technology Hardware sector.
  • This is Verra Mobility’s 1st transaction in the United States.
  • This is Verra Mobility’s 1st transaction in Rhode Island.

M&A Deal Summary
Date 2009-09-09
Target Nestor Traffic Systems
Sector Technology Hardware
Buyer(s) Verra Mobility
Deal Type Add-on Acquisition

Target

Nestor Traffic Systems

Providence, Rhode Island, United States
Nestor Traffic Systems, Inc. is a manufacturer of red-lights, speed cameras, and video based monitoring systems for traffic management and safety.

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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 1 of 7
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 6
State (Rhode Island) 1 of 1
Country (United States) 1 of 4
Year (2009) 1 of 1
FOLLOWING 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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