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New Deal


Announced

Completed

Bestpass completed the acquisition of Fleetworthy Solutions.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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risk management solutions

Private

Majority

Acquisition

Domestic

Single Bidder

Completed

United States

fleet safety

compliance

Risk and Compliance

Friendly

Synopsis

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Bestpass, a toll management and payment platform for commercial vehicles, completed the acquisition of Fleetworthy Solutions, a provider of fleet safety, compliance, and risk management solutions. Financial terms were not disclosed. "We're thrilled to welcome Fleetworthy to the Bestpass family we know fleet and driver safety is a top priority with our customers. It's why we sought collaboration with a premier provider to incorporate safety and compliance solutions into our comprehensive range of services. Fleetworthy emerged as the ideal partner, and we eagerly anticipate the valuable contributions this integrated offering will make for our customers," Tom Fogarty, Bestpass CEO.

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