WILsquare Capital (“WILsquare”), a St. Louis-based private equity firm, announced that it has successfully exited its position in Questx, a tech-enabled national provider of emergency roadside assistance and auto glass claims solutions to the insurance industry, through the company’s combination with Nation Safe Drivers (“NSD”). Terms of the transaction were not disclosed.
Over the course of ownership, WILsquare actively supported Questx’s initiatives for growth and technology advancements which led to its innovative next-generation technology platform. Through its expertise and strategic guidance, WILsquare played a vital role in Questx being a high-touch, high-tech service provider delivering best-in-class outsourced solutions. The strategic partnership between NSD and Questx will form one of the largest and most innovative leaders in roadside assistance and mobility services.
“We are pleased to announce the exit of our investment in Questx after a five-year hold period,” said Bill Willhite, WILsquare Managing Partner. “This marks the third and final portfolio exit for WILsquare Partners Fund I, L.P. and is a testament to our commitment to partnering with founder-owned companies and supporting their journey. We are excited for the future of Questx, its employees and its clients under the NSD umbrella.”
“WILsquare’s commitment, guidance and unwavering support allowed Questx to continue our journey in providing excellent service,” said Pat Gilbert, Questx Co-CEO. “We are excited to continue our trajectory of innovation as we enter this new chapter.”
Lincoln International LLC served as the exclusive financial advisor to Questx and Winston & Strawn LLP served as legal counsel to Questx.
About WILsquare Capital
WILsquare Capital is a St. Louis-based private equity firm focused on acquiring and growing lower-middle market businesses in the Midwest and Southern United States, with an emphasis on business services, niche manufacturing, distribution and technology companies. The firm is currently investing out of WILsquare Capital Partners Fund II, L.P.