Benaissance has been acquired by WEX for $80 million

Omaha-based Benaissance has announced they have been acquired by WEX, a corporate payment solutions provider, for $80 million. The deal is currently awaiting regulatory approval but is expected to close in Q4 of 2015. WEX expects the purchase to be slightly accretive in 2016, according to a press release. Benaissance has had an ongoing relationship with Evolution1, a WEX…

benaissanceOmaha-based Benaissance has announced they have been acquired by WEX, a corporate payment solutions provider, for $80 million.

The deal is currently awaiting regulatory approval but is expected to close in Q4 of 2015. WEX expects the purchase to be slightly accretive in 2016, according to a press release.

Benaissance has had an ongoing relationship with Evolution1, a WEX company, for some time.

“Benaissance and Evolution1 share a decade long partnership,” said John Jenkins, President, CEO, and co-founder of Benaissance. “Joining the WEX family seems like a second home. We couldn’t be more excited about the fit for our Omaha employees and customers across the country.”

BECOME A SPONSOR

Evolution1 has offices across the Midwest, and both companies have many of the same markets and customers.

“Many of us see the team at Evolution1 as family,” said Carrie Messinger, Director of Corporate Communications at Benaissance.

According to Benaissance, their office will remain in Omaha, and there are no plans to cut staff or reorganize.

SPN recently covered Benaissance in June 2015, “How Benaissance successfully navigated Obamacare.”

This story is part of the AIM Archive

This story is part of the AIM Institute Archive on Silicon Prairie News. AIM gifted SPN to the Nebraska Journalism Trust in January 2023. Learn more about SPN’s origin »

Channels:

Get the latest news and events from Nebraska’s entrepreneurship and innovation community delivered straight to your inbox every Wednesday.