Quarterhill Inc. Acquires Electronic Transaction Consultants (ETC)
September 1, 2021
Quarterhill Inc. completed the acquisition of 100% of Electronic Transaction Consultants, LLC (ETC), a Richardson, Texas-based intelligent transportation systems (ITS) and tolling provider, for C$150.0 million funded with C$75.0 million cash and C$75.0 million of syndicated debt. The deal gives Quarterhill a leading position in the U.S. tolling market, and Quarterhill expects ETC to generate C$95–120 million of annualized revenue (post-synergies) and C$12.5–15.0 million of Adjusted EBITDA within 12–18 months.
- Buyers
- Quarterhill Inc.
- Targets
- Electronic Transaction Consultants, LLC
- Industry
- Transportation
- Location
- Texas, United States
- Transaction Type
- Buyout
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