Urgent.ly Shares More Than Double on $13.3M Take-Private Deal

Dow Jones03-14

By Kelly Cloonan

Shares of Urgent.ly surged on plans to go private through a $13.3 million deal with Agero.

The stock more than doubled to $5.32 in post-market trading on Friday after closing at $2.03. Through market close, shares have slid 44% in the past year.

Under terms of the deal, a subsidiary of Agero would buy Urgent.ly for $5.50 a share in cash, the companies said.

The deal aims to bring together two companies focused on roadside assistance to create a unified, improved solution for automakers, dealerships, insurance carriers, fleet operators and the drivers they serve, the companies said.

Urgent.ly has established a strong presence in the automotive, fleet and rental markets through its use of technology like machine-learning and advanced analytics, Agero said. Agero expects to scale those capabilities across its client base.

After the deal closes, Agero would remain a privately held company. The companies expect the deal to close by the end of May.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

March 13, 2026 17:15 ET (21:15 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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