---
schema_version: "secwatch.filing_event.v1"
accession: "0001728688-22-000050"
form_type: "8-K"
ticker: "IIIV"
cik: "0001728688"
company_name: "i3 Verticals, Inc."
filed_at: "2022-10-04T23:59:59+00:00"
generated_at: "2026-06-23T05:38:02.958167+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001728688-22-000050
- form_type: 8-K
- ticker: IIIV
- cik: 0001728688
- company_name: i3 Verticals, Inc.
- filed_at: 2022-10-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1728688/000172868822000050/0001728688-22-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1728688/000172868822000050/iiiv-20220930.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001728688-22-000050
- JSON: https://secwatch.observer/filing/0001728688-22-000050.json
- Plain text: https://secwatch.observer/filing/0001728688-22-000050.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.