Agero to Acquire Urgent.ly in a $156 Million Cash Deal

Agero, Inc. entered a merger agreement on March 13, 2026, to acquire Urgent.ly Inc. (ULY) in an all-cash deal valued at $155.92 million.

Deal Structure:

A wholly owned subsidiary of Agero will commence a tender offer to acquire all outstanding shares of Urgently common stock for $5.5 per share in cash, representing a 170.94% premium from the stock’s last close.

Company Profile:

Urgent.ly is a provider of a software platform for roadside and mobility assistance that connects drivers with service providers for services such as towing, jump starts, tire changes, lockouts, and fuel delivery. The company’s platform uses location-based services, real-time data, and machine communication to support automotive, insurance, and telematics partners.

Agero is a provider of digital driver assistance and roadside service management solutions for automotive manufacturers, insurers, and other mobility partners. The company operates a dispatch and service platform that connects drivers with a nationwide network of independent service providers for roadside and accident assistance.

Deal Details and Timeline:

The tender offer and merger are expected to close by the end of May 2026.

Urgent.ly received financial advisory services from Pericles Capital Advisors, while Wilson Sonsini Goodrich & Rosati served as its legal counsel. Agero was advised by Evercore on financial matters and obtained legal counsel from Morgan Lewis & Bockius.

The purchase price represents 0.06 times the sales of Urgent.ly.

Deal Metrics:

For more in-depth information on this merger and acquisition deal, please visit the Deal Metrics page:

Deal Metrics for the acquisition of Urgent.ly Inc. (ULY) by Agero, Inc.

The Deal Metrics page for each merger or acquisition includes:

• A spread history chart of the merger from announcement through eventual completion or failure.
• Key events as the merger progresses, including regulatory approvals, shareholder votes, etc.
• Relevant news and SEC filings.
• A history of deal updates.
• And much more.

Disclaimer: This article is for informational purposes only. We recommend conducting your own research and due diligence before making any investment decisions based on the content or data provided in this article. We do not guarantee the accuracy or completeness of the information provided.

Editor’s Note: Baranjot Kaur contributed to this article