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Announced

Completed

Insight Partners completed the investment in Bestpass.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
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EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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back-office automation software

Private Equity

Single Bidder

Software

Acquisition

Minority

Private

Friendly

United States

toll management

software development

Domestic

Completed

Synopsis

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Insight Partners, a global software investor, completed the investment in Bestpass, a comprehensive back-office automation software and toll management provider for commercial fleets. Financial terms were not disclosed. "We couldn't be more excited to have Insight Partners, a premier software growth investor, join us as we continue to grow and expand our service offerings. Our mission is to provide solutions for our customers that simplify back-office management, saving time and money and enabling fleets and drivers to focus on their core business. This investment is an endorsement of the Bestpass vision and allows us to continue to innovate, expand our reach, and delight our customers," Tom Fogarty, Bestpass CEO.

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