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Descartes Acquires Assure Assist, Inc., Doing Business As MyCarrierPortal For Up-front Consideration Of $24M Satisfied With Cash On Hand, Plus Potential Performance-based Consideration

Benzinga ·  Sep 18 19:06

MyCarrierPortal is a provider of carrier onboarding and risk monitoring solutions for the trucking industry.

The maximum amount payable under the all-cash performance-based earn-out is $USD 6 million, based on the combined business achieving revenue-based targets in each of the first two years post-acquisition. Any earn-out is expected to be paid in fiscal 2026 and fiscal 2027.

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