M&A Deal Summary

Verra Mobility Acquires Redflex Holdings

On January 21, 2021, Verra Mobility acquired information technology company Redflex Holdings for 142M AUD

Acquisition Highlights
  • This is Verra Mobility’s 1st transaction in the Information Technology sector.
  • This is Verra Mobility’s largest (disclosed) transaction.
  • This is Verra Mobility’s 1st transaction in Australia.

M&A Deal Summary
Date 2021-01-21
Target Redflex Holdings
Sector Information Technology
Buyer(s) Verra Mobility
Deal Type Going Private
Deal Value 142M AUD

Target

Redflex Holdings

Melbourne, Australia
Redflex Holdings Ltd. is an Intelligent Transport Solutions (ITS) technology company that designs and creates smart and advanced solutions for a world on the move. Redflex develops, manufactures, and operates a wide range of platform-based solutions all utilizing advanced sensor and image capture technologies enabling active management of state and local motorways. Redflex Holdings was founded in 1997 and is based in Melbourne, Australia.

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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 6 of 7
Sector (Information Technology) 1 of 1
Type (Going Private) 1 of 1
Country (Australia) 1 of 1
Year (2021) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-16 Pagatelia SL

Madrid, Spain

Pagatelia SL is a provider of electronic tolling solutions for rental car and fleet companies throughout Spain, Portugal, France, and Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-02 T2 Systems

Indianapolis, Indiana, United States

T2 Systems is a provider of unified SaaS (Software as a Service) parking management solutions. T2 Systems's comprehensive portfolio of services includes solutions that help organizations manage parking permits, citations, gated parking facilities, and special events. T2 Systems was established in 1994 and is based in Indianapolis, Indiana.

Buy $356M
Mergr

Product

Company

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