M&A Deal Summary

Corpay Acquires Pacific Pride Services

On July 30, 2014, Corpay acquired business services company Pacific Pride Services from WEX for 50M USD

Acquisition Highlights
  • This is Corpay’s 5th transaction in the Business Services sector.
  • This is Corpay’s 6th largest (disclosed) transaction.
  • This is Corpay’s 3rd transaction in the United States.
  • This is Corpay’s 1st transaction in Oregon.

M&A Deal Summary

Date 2014-07-30
Target Pacific Pride Services
Sector Business Services
Buyer(s) Corpay
Sellers(s) WEX
Deal Type Divestiture
Deal Value 50M USD

Target

Pacific Pride Services

Salem, Oregon, United States
website
Pacific Pride Services LLC is a cardlock fueling network. The company providing fleet managers some welcome relief from rising fuel costs and more control over their vehicle use and maintenance. A Pacific Pride card can be used at any Pacific Pride and PrideNet site across the U.S. and Canada.

Search 195,137 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Corpay

Atlanta, Georgia, United States

website


Category Company
Founded 1986
Sector Business Services
Employees10
Revenue 3.8B USD (2023)
DESCRIPTION
Entrance to FleetCor's corporate headquarters in Norcross, Georgia.
Entrance to FleetCor's corporate headquarters in Norcross, Georgia.

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.


DEAL STATS #
Overall 16 of 36
Sector (Business Services) 5 of 10
Type (Divestiture) 7 of 10
State (Oregon) 1 of 3
Country (United States) 3 of 13
Year (2014) 3 of 4
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-05 Masternaut

London, United Kingdom

Masternaut Ltd. is a fleet telematics service provider. Masternaut provides solutions for fleet tracking and optimization, driver behaviour improvement and digital transformation. Masternaut Ltd. was founded in 2014 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-12 Comdata Network

Brentwood, Tennessee, United States

Comdata is a business-to-business provider of innovative electronic payment solutions. As an issuer and a processor, Comdata provides fleet, and corporate payment solutions to over 20,000 customers. In 2013, Comdata managed over 625 million cards and processed over 1.4 billion transactions from over 48 countries and in 37 currencies.

Buy $3.5B

Seller(S) 1

SELLER

WEX

Portland, Maine, United States

website


Category Company
Founded 1983
Sector Information Technology
Employees5,300
Revenue 2.5B USD (2023)
DESCRIPTION
WEX's corporate headquarters in downtown Portland, Maine.
WEX's corporate headquarters in downtown Portland, Maine.

WEX is a global provider of payment processing and information management services. The Company primarily focuses on simplifying the complexities of payment systems across a wide range of sectors, including fleet, travel and healthcare. For the fleet industry, WEX offers fuel cards and vehicle maintenance solutions to help companies manage their fleets more efficiently. In the travel sector, WEX provides virtual payment solutions that enable travel agencies, corporate travel departments, and online travel providers to automate and manage payments to suppliers. For healthcare, WEX offers healthcare payment products and services that facilitate payments and transactions between patients, providers, and payers. WEX was formed in 1983 and is based in Portland, Maine.


DEAL STATS #
Overall 1 of 2
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 2
State (Oregon) 1 of 1
Country (United States) 1 of 2
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-17 Evolution1

Simsbury, Connecticut, United States

Evolution1, Inc.simplify the business of healthcare. Company through innovative healthcare software and payment solutions that administer and manage consumer directed accounts.

Buy $533M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-15 COCO Development

Omaha, Nebraska, United States

COCO Development LLC (dba Benaissance) is a provider of ExchangePoint℠ and COBRApoint® Software as a Service (“SaaS”) solutions for individual single-point and consolidated group premium billing.

Buy $80M