WilmerHale Represents WEX in Definitive Agreement to Acquire Payzer

WilmerHale Represents WEX in Definitive Agreement to Acquire Payzer

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On October 26, 2023, WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, announced the signing of a definitive agreement to acquire Payzer, a high-growth, cloud-based, field service management software provider. Under the terms of the definitive agreement, WEX will acquire Payzer for total consideration of approximately $250 million, with additional contingent consideration of up to $11 million based on defined performance metrics, subject to certain working capital and other adjustments. The transaction is expected to be completed before the end of 2023, subject to customary closing conditions.

The WilmerHale team advising WEX was led by Andrew Bonnes, Sarah Matchett and Morgan Olle, with assistance from Kirk Nahra, Ali Jessani and Giuliana Green on privacy and data security matters; Scott Kilgore and Atul Jain on executive compensation and employee benefits matters; William Caporizzo and Benjamin Kelsey on tax matters; Michael Dawson on regulatory matters; Jeff Johnson and Adam Camiel on IP matters; Justin Ochs and Brandt Tierney on debt finance matters; and William Paine, Robert Kingsley Smith and Rob Donoghue on securities and financial services matters.

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