Processing timeline
27
days
Filed
15 Aug 2026
Decision Due
25 Sept 2026
Est decision date: 17 Sept 2026. Based on 90 decided Professional & Business Services notifications.
Acquirer(s)
OEC Bidco Limited 17225784
Target(s) or Vendor(s)
Quadrum Investments Group Ltd (trading as "Epyx") 06861230
Other parties
Francisco Partners Management, LP. SEC reference number - 801-73955, OEConnection, LLC 1196674
US-based OEConnection, LLC, a Francisco Partners portfolio company, proposes to acquire 100% of the share capital of UK-based Quadrum Investments Group Ltd (trading as Epyx), indirectly owned by Corpay, Inc. This transaction combines OEConnection's automotive aftersales software solutions with Epyx's fleet technology and management software.
OEConnection, LLC ( OEConnection ), through its wholly owned subsidiary, proposes to acquire 100% of the share capital of Quadrum Investments Group Ltd and its controlled subsidiaries (trading as Epyx ) (the Acquisition ). OEConnection is a United States-based company that supplies software solutions for the automotive aftersales ecosystem, connecting suppliers, repairers, manufacturers and insurers through a spare parts marketplace, repair insights and supply chain solutions. OEConnection primarily supplies software and data solutions that facilitate the sale, sourcing and supply of automotive parts for vehicle repairs. OEConnection is a controlled portfolio company of funds managed/advised by an affiliate of Francisco Partners Management, L.P. ( Francisco Partners ). Francisco Partners is a global private equity investment firm headquartered in the United States that primarily invests in technology and technology-enabled service businesses. Epyx is a fleet technology solutions company headquartered in the United Kingdom that supplies fleet management software. Epyx’s primary offering is a fleet service, maintenance and repair authorisation platform called 1link Service Network. It connects vehicle fleet operators (such as leasing and rental companies) with automotive service providers (repair shops and garages), streamlining fleet service, maintenance and repair transactions. Epyx is indirectly owned by Corpay, Inc (NYSE: CPAY), a United States-based corporate payments and spend management company.
The ACCC has prepared a questionnaire on the Acquisition. Submissions or information in response to the questionnaire should be provided by 24 August 2026 via email to mergers@accc.gov.au with the title Submission re: OEConnection – Epyx . The ACCC’s ability to give detailed consideration to submissions received after this time may be limited.