Deal Snapshot
i3 Verticals Closes Acquisition of Software Firm for USD 85m
Wednesday 05 October 2022

US-based integrated payment and software solutions i3 Verticals, Inc. (NASDAQ: IIIV) has acquired a provider of enterprise software solutions for the motor carrier and motor vehicle markets in the US States and Canada, the company said.

The total consideration paid for the acquisition was approximately USD 85m. i3 Verticals company currently expects the acquisition to be accretive to pro forma adjusted diluted earnings per share. The company will discuss this acquisition in further detail during its upcoming fourth quarter and year-end earnings call in November.

Date Published: 05/10/2022