i3 Verticals acquires motor carrier software provider for ~$85M; upsizes credit facility to $375M

i3 Verticals, Inc.

Acquisition of a leading provider of enterprise software for motor carrier and motor vehicle markets in U.S. and Canada for ~$85M.
Expected to be accretive to pro forma adjusted diluted EPS; fourth acquisition focused on state-level customers.
Revolving credit facility expanded from $275M to $375M with bank group led by Bank of America.
Total leverage ratio expected close to 4.0x as of Sep 30, 2022 and Dec 31, 2022, assuming no further significant acquisitions.

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