Public Company Transportation & Logistics

Quarterhill

Frisco, Texas, United States

Driving the future of transportation further, faster, smarter. IRD, ETC, Sensor Line, Icoms and VDS have united under the Quarterhill brand to ignite change in the transportation industry.

Focus Areas
Tolling systems, Intelligent Transportation Systems (ITS), Traffic management / mobility software

Tracked deals

3

3 tracked deals across 2021-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Buyout

3 buyout

Quarterhill Acquisition Volume by Year

Last 3 years

Acquisition volume by year Annual acquisition counts for the last 3 years for Quarterhill. 1 2021 1 2024 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Quarterhill to Acquire Conduent Tolling Solutions Business for $70 Million
    June 30, 2026
    Buyer
    Quarterhill Inc.
    Target
    Conduent’s tolling solutions business (tolling solutions business of Conduent Business Services, LLC and certain affiliates)
    Seller
    Conduent Business Services, LLC, Conduent and certain of its affiliates
    Industry
    IT Services
    Location
    United States
    Type
    Buyout

    Quarterhill has entered into a definitive asset purchase agreement to acquire substantially all assets of Conduent’s tolling solutions business for $70 million in cash. Quarterhill will also issue common shares representing 7% of its outstanding shares on closing to Conduent, with completion expected in Q4 2026 (before year-end 2026).

  • Quarterhill Acquires Red Fox I.D. Limited
    March 15, 2024
    Buyer
    Quarterhill Inc.
    Target
    Red Fox I.D. Limited
    Industry
    Transportation
    Location
    England, United Kingdom
    Type
    Buyout

    Quarterhill Inc. has entered into a definitive agreement to acquire all outstanding shares of Red Fox I.D. Limited, a UK-based provider of Automatic Vehicle Detection and Classification (AVDC) software for the tolling industry, for up to US$10.2 million in cash and equity. Quarterhill expects the acquisition to close around April 1, 2024, to expand its software capabilities and accelerate growth in higher-margin software sales; Red Fox is expected to generate approximately US$1.4 million of annualized adjusted EBITDA in 2024 and the deal is expected to be immediately accretive.

  • Quarterhill Inc. Acquires Electronic Transaction Consultants (ETC)
    September 1, 2021
    Buyer
    Quarterhill Inc.
    Target
    Electronic Transaction Consultants, LLC
    Industry
    Transportation
    Location
    Texas, United States
    Type
    Buyout

    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.

Related Acquisition Pages

Transportation Buyers & Acquisitions 2 tracked deals by Quarterhill. IT Services Buyers & Acquisitions 1 tracked deal by Quarterhill. Acquisitions in Texas 1 tracked deal by Quarterhill.

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