Mergers & Acquisitions ·
Nayax Ltd. entered into a definitive agreement to acquire IPS Group, Inc., a leading smart parking technology…
NYAXNayax Ltd.
Nayax Ltd. entered into a definitive agreement to acquire IPS Group, Inc., a leading smart parking technology provider, in an all-cash transaction valued at $350 million on a cash-free, debt-free basis. The acquisition is funded using existing cash and approximately $150 million of new committed debt, resulting in net leverage of roughly 3.8x at closing, expected to decline below 3.0x by the end of 2027. IPS generated estimated 2026 revenue exceeding $90 million with adjusted EBITDA of approximately $21 million and manages over 250,000 parking spaces across the US, UK, Ireland, and Canada. The deal is anticipated to close in Q4 2026, subject to regulatory approvals, and is expected to be immediately accretive to margins and earnings while delivering more than $8 million in annual run-rate synergies by 2029. Nayax Ltd. operates as a global commerce enablement, payments, and loyalty platform.