M&A Deal Summary |
|
|---|---|
| Date | 2021-04-14 |
| Target | benefitexpress |
| Sector | Internet Software and Services |
| Buyer(s) | WEX |
| Sellers(s) | LLR Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 275M USD |
SEARCH BY
| Category | Company |
|---|---|
| Founded | 1983 |
| Sector | Information Technology |
| Employees | 6,500 |
| Revenue | 2.6B USD (2024) |
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 | 18 of 19 |
| Sector: Internet Software and Services M&A | 4 of 4 |
| Type: Add-on Acquisition M&A Deals | 13 of 14 |
| State: Illinois M&A | 1 of 1 |
| Country: United States M&A | 11 of 12 |
| Year: 2021 M&A | 2 of 2 |
| Size (of disclosed) | 6 of 11 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-02-11 |
HealthcareBank - HSA Assets
Fargo, North Dakota, United States HealthcareBank's HSA Assets provides HSA solutions (health savings account). HealthcareBank's HSA Assets is based in Fargo, North Dakota. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-10-26 |
Payzer
Charlotte, North Carolina, United States Payzer provides an end-to-end Field Service Management platform that helps contractors run their business, grow sales, and simplify back-office operations. The Payzerware platform provides complete business management software including scheduling and dispatching, invoicing, sales proposals, and maintenance agreements. Payzer was founded in 2012 and is based in Charlotte, North carolina. |
Buy | $250M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 6.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
LLR is a private equity firm that makes growth capital, buyout, and recapitalization investments in mid-sized growth companies with sustainable competitive advantages. LLR looks to invest $30 to $150 million per transaction and will consider both control and minority situations. Target companies generally have at least $10 million in annual sales and are valued up to $250 million. Broad industry sectors of interest include general business services, financial services, healthcare services, education, manufacturing, consumer/retail and information technology/software. LLR will consider investments throughout the US with an emphasis on opportunities located in the Eastern and Mid-Atlantic regions of the US. LLR Partners was formed in 1999 and is based in Philadelphia, Pennsylvania.
| DEAL STATS | # |
|---|---|
| Overall | 57 of 76 |
| Sector: Internet Software and Services M&A | 4 of 6 |
| Type: Add-on Acquisition M&A Deals | 35 of 47 |
| State: Illinois M&A | 1 of 3 |
| Country: United States M&A | 56 of 75 |
| Year: 2021 M&A | 3 of 9 |
| Size (of disclosed) | 6 of 13 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-11 |
Acre Security
Las Vegas, Nevada, United States Acre Security is a manufacturer of electronic security products that are emphasizing the ongoing transition to more open platform systems. Acre Security was founded in 2012 and is based in Las Vegas, Nevada. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-04-28 |
SparkPost
Columbia, Maryland, United States SparkPost is a provider of message management solutions and services for email service providers, Internet service providers, social networks, and large enterprises that need to manage large volumes of business-critical email. SparkPost was founded in 1997 and is based in Columbia, Maryland. |
Sell | $600M |
