CPAY - Mergers and acquisitions

Upsizes Credit Facilities $1.9 Billion Corpay, Inc. (NYSE:CPAY), the corporate payments company, completed the acquisition of Alpha Group International plc (LSE: ALPH), a B2B cross border FX solutions and global bank accounts provider to corporations and investment funds in the UK and Europe. "We're thrilled to officially welcome Alpha to the Corpay family. Alpha is a leading provider of global bank accounts to European-based investment managers, and we expect to expand those investment manager relationships into the US and Asia," said Ron Clarke, chairman and chief executive officer, Corpay, Inc. "With our integration planning well underway, we remain confident in the synergies and expec

Triples TAM, Accelerates Revenue Growth Corpay, Inc. (NYSE:CPAY), a global S&P 500 corporate payments company, today announced it has signed definitive documents to acquire Gringo, a leading vehicle registration and compliance payment company in Brazil. Gringo is a super app for car drivers that makes life easier for millions of drivers in Brazil. Gringo's digital app and national network help drivers pay for vehicle taxes, registration and fines (i.e., "car debts") instantly. The company is growing revenue over 30% annually. "We're thrilled to announce the acquisition of Gringo, our second deal in the 'car debts' category," said Ron Clarke, chairman and chief executive officer, Corpa

Also Completes the Divestiture of Comdata Merchant POS Solutions Corpay, Inc. (NYSE:CPAY), a global S&P 500 corporate payments company, completed the acquisition of GPS Capital Markets, LLC, a business-to-business cross-border solutions provider to upper middle market companies, primarily in the U.S. "We're thrilled to officially welcome GPS to the Corpay family. With the addition of Paymerang and now GPS, we expect our Corporate Payments business to exceed $1.5 billion in revenue in 2025. Our integration planning is well underway, and we expect significant profit contribution next year from both acquisitions," said Ron Clarke, chairman and chief executive officer, Corpay, Inc. In tot

Comdata retains fuel card and payment acceptance business serving commercial fleets ATLANTA, Dec. 2, 2024 /PRNewswire/ -- PDI Technologies, a global leader delivering powerful solutions and insights that serve as the backbone of the convenience retail and petroleum wholesale ecosystem, today announced its acquisition of the Comdata Merchant Solutions business from Comdata's parent company, Corpay Inc. (NYSE:CPAY). This includes the Point of Sale (POS) hardware, software, and systems that enable transactions at the site level for truck stops and unattended commercial fueling locations.