Corpay - M&A Summary and Business Overview

Business ServicesCompany

Corpay M&A Summary

Corpay has acquired 36 companies, including 15 in the last 5 years. A total of 7 acquisitions came from private equity firms. It has also divested 2 assets.

Corpay’s largest acquisition to date was in 2014, when it acquired Comdata Network for $3.5B. Corpay has acquired in 9 different US states, and 11 countries. The Company’s most targeted sectors include information technology (31%) and business services (25%).

Corpay Business Overview

Where is Corpay headquartered?

Corpay is headquartered in Atlanta, Georgia.

What is Corpay’s revenue?

Corpay disclosed revenue of 3,758M USD for 2023 and 3,427M USD for 2022.

How many employees does Corpay have?

Corpay has 10 employees.

What sector is Corpay in?

Corpay is a business services company.

When was Corpay founded?

Corpay was founded in 1986.

M&A Summary

  • M&A Total Activity38
    • M&A Buy Activity36
    • M&A Sell Activity2
  • Total Sectors Invested 8
  • Total Countries Invested 11
  • M&A Buy/Sell Connections 19
  • M&A Advisors 4

Corpay

Corpay, Inc.

3280 Peachtree Road Suite 2400,
Atlanta, Georgia 30305
United States,
(770) 417-4697
www.corpay.com

Corpay is a global provider of fuel cards, commercial payment and data solutions, stored value solutions, and workforce payment products and services to businesses, retailers, commercial fleets, major oil companies, petroleum marketers and government entities in countries throughout North America, Latin America, Europe, Australia and New Zealand. Corpay was formed in 1986 and is based in Atlanta, Georgia.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (2.4/yr) # 24 1 2 5 1 3 36
vol $5.7B $5.7B
Sell (0.0/yr) # 2 - - - - - 2
  38

Most Recent M&A

Company Date Value Type
GPS Capital Markets LLC 2024-06-19 - Add-on Acquisition
South Jordan, Utah · www.gpsfx.com
Paymerang LLC 2024-05-08 - Add-on Acquisition
Richmond, Virginia · www.paymerang.com
Zapay Servicos de Pagos SA 2024-03-06 - Add-on Acquisition
Brasília, Brazil · www.usezapay.com.br
PayByPhone Technologies, Inc. 2023-11-06 - Add-on Acquisition
Vancouver, British Columbia · www.paybyphone.com
Roomex 2022-10-20 - Add-on Acquisition
Dublin, Ireland · www.roomex.com
Plugsurfing GmbH 2022-09-06 - Add-on Acquisition
Berlin, Germany · www.plugsurfing.com
Accrualify, Inc. 2022-08-03 - Add-on Acquisition
San Mateo, California · www.accrualify.com
Global Reach Group 2022-06-09 - Add-on Acquisition
London, United Kingdom · www.globalreachgroup.com
Levarti UK Ltd. 2022-03-03 - Add-on Acquisition
London, United Kingdom · www.levarti.com
Mina Digital Ltd. 2021-04-08 - Stake Purchase
Sheffield, United Kingdom · www.mina.co.uk
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Information Technology 11 (31%) 4.6B (81%) 1 (50%) -
Business Services 9 (25%) 50M (1%) - -
Software 5 (14%) - 1 (50%) -
Financial Services 4 (11%) - - -
Internet Software and Services 4 (11%) - - -
Consumer Services 1 (3%) - - -
Infrastructure 1 (3%) 1.1B (18%) - -
Leisure 1 (3%) - - -
Total 36 $5.7B 2 -

By Geo

State/Country Buy Value Sell Value
United States 13 3.5B 1 -
  Oregon 3 50M - -
  California 3 - - -
  Georgia 1 - 1 -
  Virginia 1 - - -
  Utah 1 - - -
  Tennessee 1 3.5B - -
  Kentucky 1 - - -
  Illinois 1 - - -
United Kingdom 6 299M 1 -
Brazil 4 1.1B - -
Canada 3 855M - -
  British Columbia 2 180M - -
  Ontario 1 675M - -
Czech Republic 2 - - -
Germany 2 - - -
Mexico 2 - - -
Australia 1 - - -
Ireland 1 - - -
Netherlands 1 - - -
New Zealand 1 - - -
Domestic 13 (36%) 3.5B (61%) 1 (50%) -
Cross-border 23 (64%) 2.2B (39%) 1 (50%) -
Total 36 $5.7B 2 -

Top M&A Advisors

Financial Deals
Barclays Investment Bank
1
Legal Deals
Alston & Bird
3
Holland & Knight
2
Eversheds LLP
2

Deal Values

buy # Total
> $1B 2 $4.5B
$100M to $1B 3 $1.2B
< $100M 1 $50M
TOTAL $5.7B
Largest Comdata Network, Inc.
$3.5B (2014-08-12)

M&A Connections

Deals
Acquired from
Investor(s)
19%
7 (19%)
Strategic(s)
28%
10 (28%)
Divested to
Strategic(s)
100%
2 (100%)

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