FleetCor - M&A Summary and Business Overview

Business ServicesCompany

FleetCor M&A Summary

FleetCor has acquired 34 companies, including 13 in the last 5 years. A total of 6 acquisitions came from private equity firms. It has also divested 2 assets.

FleetCor’s largest acquisition to date was in 2014, when it acquired Comdata Network for $3.5B. FleetCor has acquired in 7 different US states, and 11 countries. The Company’s most targeted sectors include information technology (30%) and business services (27%).

FleetCor Business Overview

Where is FleetCor headquartered?

FleetCor is headquartered in Atlanta, Georgia.

What is FleetCor’s revenue?

FleetCor disclosed revenue of 2,834M USD for 2021 and 2,389M USD for 2020.

How many employees does FleetCor have?

FleetCor has 9,700 employees.

What sector is FleetCor in?

FleetCor is a business services company.

When was FleetCor founded?

FleetCor was founded in 1986.

M&A Summary

  • M&A Total Activity36
    • M&A Buy Activity34
    • M&A Sell Activity2
  • Total Sectors Invested 8
  • Total Countries Invested 11
  • M&A Buy/Sell Connections 18
  • M&A Advisors 4

FleetCor

FleetCor Technologies, Inc.

3280 Peachtree Road Suite 2400,
Atlanta, Georgia 30305
United States,
(770) 449-0479
www.fleetcor.com

FleetCor 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. FleetCor's payment programs enable customers to manage and control their commercial payments, card programs, and employee spending and provide card-accepting merchants with a high volume customer base that can increase sales and customer loyalty. FleetCor also provides a suite of fleet related and workforce payment solution products, including mobile telematics services, fleet maintenance management and employee benefit and transportation related payments. FleetCor 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 (2.0/yr) # 24 1 2 5 1 1 34
vol $5.7B $5.7B
Sell (0.0/yr) # 2 - - - - - 2
  36

Most Recent M&A

Company Date Value Type
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
Roger.ai, Inc. 2021-01-28 - Add-on Acquisition
San Francisco, California · www.roger.ai
Associated Foreign Exchange, Inc. 2020-09-17 - Add-on Acquisition
Woodland Hills, California · www.afex.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Information Technology 10 (29%) 4.6B (81%) 1 (50%) -
Business Services 9 (26%) 50M (1%) - -
Software 5 (15%) - 1 (50%) -
Internet Software and Services 4 (12%) - - -
Financial Services 3 (9%) - - -
Consumer Services 1 (3%) - - -
Infrastructure 1 (3%) 1.1B (18%) - -
Leisure 1 (3%) - - -
Total 34 $5.7B 2 -

By Geo

State/Country Buy Value Sell Value
United States 11 3.5B 1 -
  Oregon 3 50M - -
  California 3 - - -
  Georgia 1 - 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 11 (32%) 3.5B (61%) 1 (50%) -
Cross-border 23 (68%) 2.2B (39%) 1 (50%) -
Total 34 $5.7B 2 -

Top M&A Advisors

Financial Deals
Barclays Investment Bank
1
Legal Deals
Alston & Bird LLP
3
Holland & Knight LLP
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)
18%
6 (18%)
Strategic(s)
29%
10 (29%)
Divested to
Strategic(s)
100%
2 (100%)

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