WEX Inc. Announces Definitive Agreement to Acquire Electronic Funds Source LLC

WEX Inc. Announces Definitive Agreement to Acquire Electronic Funds Source LLC

News

On October 19, 2015, WEX Inc., a leading provider of corporate payment solutions, announced it entered into a definitive agreement to acquire Electronic Funds Source LLC (EFS) for a total consideration of approximately $1.1 billion in cash and 4.0 million shares of common stock to be issued to investment funds affiliated with Warburg Pincus, EFS' current owner.

WEX Inc. was represented by WilmerHale in this transaction, with Partners Mark Borden and Jeff Stein and Counsel Andrew Bonnes leading the M&A team. The full team included: Partners John Sigel, Justin Ochs, Julie Hogan Rodgers, Scott Kilgore, Michael Bevilacqua; Special Counsel Jamie Class; and Counsel Ciara Baker and Michael Blayney.

Visit www.wexinc.com to view the complete release.