Troutman Pepper advised Bestpass, a comprehensive back-office automation software and toll management provider for commercial fleets, in a multimillion-dollar minority investment by global software investor Insight Partners. Read a company press release about the investment.
Bestpass is the leading toll management and payment platform for commercial vehicles across the U.S. and Canada. Bestpass covers 100% of major toll roads across the U.S., supports more than 30,000 customers, and processes over $1.5 billion in toll transactions annually.
In 2018, Troutman Pepper advised Susquehanna Growth Equity, an entrepreneur-centric growth equity fund, in its initial investment in Bestpass. With this investment, Insight Partners joins Susquehanna Growth Equity as a major investor in Bestpass. The funding will help Bestpass continue to expand its offerings for commercial fleets and owner operators.
The Troutman Pepper team advising Bestpass in the investment was led by Matt Greenberg and Brandon Raphael and included Michael Byrne, Raffaele Cicala, and Reid Oetting.