On the Record · WEX

WEX acquisitions, on the record

The businesses WEX bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
Ascensus, LLC health and benefits business (certain entities) Word for word“During the third quarter of 2023, we acquired a collection of entities from Ascensus, LLC that provide employee health benefit accounts.” 10-K for 2023	acquisition	during the third quarter of 2023	—
Payzer Word for word“During the fourth quarter of 2023 we acquired Payzer, a leading cloud-native field service management software provider.” 10-K for 2023	acquisition	during the fourth quarter of 2023	—
Ascensus health and benefits business (certain entities acquired from Ascensus, LLC) Word for word“The acquisition from Ascensus, LLC of certain entities, which comprised the health and benefits business of Ascensus.” 10-K for 2024	acquisition	—	—
benefitexpress (Benefit Express Services, LLC and its indirect and direct parents) Word for word“benefitexpress Benefit Express Services, LLC, a provider of highly configurable, cloud-based benefits administration technologies and services, and its indirect and direct parents, which were acquired on June 1, 2021 and merged into WEX Health, Inc. on April 30, 2022.” 10-K for 2024	acquisition	June 1, 2021	—
SBI Investments, Inc.'s remaining interest in PO Holding, LLC Word for word“Redeemable non-controlling interest The portion of net assets owned by a non-controlling interest holder, SBI, prior to the March 7, 2022 acquisition of SBI's remaining interest in PO Holding.” 10-K for 2024	acquisition	March 7, 2022	—
Ascensus health and benefits business Word for word“Ascensus Acquisition The acquisition from Ascensus, LLC of certain entities, which comprised the health and benefits business of Ascensus.” 10-K for 2025	acquisition	—	—

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)	Goodwill from acquisitions
2016-12-31	$1.09 billion	$728.9 million
2017-12-31	$114.3 million	—
2018-12-31	$162.8 million	—
2019-12-31	$882.4 million	—
2020-12-31	$220.7 million	$291.9 million
2021-12-31	$558.8 million	$168.4 million
2022-12-31	$0	—
2023-12-31	$402 million	$278.9 million
2024-12-31	$900,000	$2.1 million
2025-12-31	$0	—

Deal filings since 2016

2026-05-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-03-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-05-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2024-01-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-09-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-08-14 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2021-04-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-12-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-12-15 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2020-08-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-08-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-07-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-06-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-02-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-01-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-11-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-05-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-03-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-01-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-08-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-01-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-11-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-07-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-07-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-07-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2016-05-23 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from WEX’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-13. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.