M&A Deal Summary |
|
|---|---|
| Date | 2015-10-15 |
| Target | COCO Development |
| Sector | Software |
| Buyer(s) | WEX |
| Sellers(s) | McCarthy Partners Management |
| Deal Type | Add-on Acquisition |
| Deal Value | 80M USD |
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| 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 | 10 of 19 |
| Sector (Software) | 2 of 3 |
| Type (Add-on Acquisition) | 8 of 14 |
| State (Nebraska) | 1 of 1 |
| Country (United States) | 6 of 12 |
| Year (2015) | 1 of 2 |
| Size (of disclosed) | 8 of 11 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-07-30 |
Pacific Pride Services
Salem, Oregon, United States Pacific Pride Services LLC is a cardlock fueling network. The company providing fleet managers some welcome relief from rising fuel costs and more control over their vehicle use and maintenance. A Pacific Pride card can be used at any Pacific Pride and PrideNet site across the U.S. and Canada. |
Sell | $50M |
| 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 |
| Category | Private Equity Firm |
|---|---|
| Founded | 1986 |
| PE ASSETS | 1.0B USD |
| Size | Large |
| Type | Sector Agnostic |
McCarthy Capital is a private equity firm that seeks to invest in mid-to-late-stage companies. The firm looks for companies with revenue of at least $15 million and $3 million in operating profits. McCarthy will consider companies across a broad range of industries possessing significant growth opportunities through participation in growing markets, market share expansion, industry consolidation or innovative business strategies. McCarthy prefers to invest in the range of $5 and $125 million, and will take a minority or majority ownership stake in companies where management has material capital at risk. McCarthy Capital was founded in 1986 and is based in Omaha, Nebraska.
| DEAL STATS | # |
|---|---|
| Overall | 12 of 24 |
| Sector (Software) | 1 of 5 |
| Type (Add-on Acquisition) | 6 of 12 |
| State (Nebraska) | 6 of 8 |
| Country (United States) | 12 of 24 |
| Year (2015) | 4 of 4 |
| Size (of disclosed) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-09-02 |
Medical Solutions
Omaha, Nebraska, United States Medical Solutions is a healthcare staffing firm that specializes in placing registered nurses and allied professionals in temporary travel assignments. With offices in Omaha, San Diego, Cincinnati, and Tupelo. Medical Solutions was founded in 2001 and is based in Omaha, Nebraska. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-12-16 |
Seven10 Storage Software
Lawrence, Massachusetts, United States Seven10 Storage Software LLC is an enterprise storage software company that provides organizations with effortless, unified information management that includes data migration capabilities from existing storage arrays. Seven10 was formed in 2009 and is based in Lawrence, Massachusetts. |
Buy | - |
