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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