WEX Acquires Payzer
October 27, 2023
WEX has signed a definitive agreement to acquire Payzer, a Charlotte-based field service management SaaS and payments platform, for approximately $250 million plus up to $11 million of contingent consideration. The acquisition expands WEX's product suite and cross-sell opportunities into the field service contractor market (HVAC, plumbing, roofing) and is expected to close by the end of 2023.
- Buyers
- WEX
- Targets
- Payzer
- Industry
- Cloud & SaaS
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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