.
MergerLinks Header Logo

New Deal


Announced

Completed

Verra Mobility completed the acquisition of T2 Systems from Thoma Bravo or $356m.

Financials

Edit Data
Transaction Value£268m
Consideration TypeContingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Domestic

Software

Acquisition

Majority

Friendly

Private Equity

Completed

management software

Single Bidder

United States

Private

Synopsis

Edit

Verra Mobility, a provider of smart mobility technology solutions, completed the acquisition of T2 Systems, a firm that develops parking management software, from Thoma Bravo for $356m. "Parking management is a cornerstone of smarter, more efficient roadways to support rapidly growing cities. This acquisition expands our portfolio of urban mobility solutions. We are thrilled to welcome the talented T2 Systems team to Verra Mobility, and we look forward to continuing to deliver the customer service excellence that has defined the T2 brand for years," David Roberts, Verra Mobility President and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US