M&A Deal Summary

FleetCor Acquires Comdata Network

On August 12, 2014, FleetCor acquired information technology company Comdata Network from Ceridian for 3.5B USD

Acquisition Highlights
  • This is FleetCor’s 7th transaction in the Information Technology sector.
  • This is FleetCor’s largest (disclosed) transaction.
  • This is FleetCor’s 4th transaction in the United States.
  • This is FleetCor’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2014-08-12
Target Comdata Network
Sector Information Technology
Buyer(s) FleetCor
Sellers(s) Ceridian
Deal Type Divestiture
Deal Value 3.5B USD

Target

Comdata Network

Brentwood, Tennessee, United States
website
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.

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Buyer(S) 1

Buyer

FleetCor

Atlanta, Georgia, United States

website


Category Company
Founded 1986
Sector Business Services
Employees9,700
Revenue 2.8B USD (2021)
DESCRIPTION
Entrance to FleetCor's corporate headquarters in Norcross, Georgia.
Entrance to FleetCor's corporate headquarters in Norcross, Georgia.

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.


DEAL STATS #
Overall 17 of 34
Sector (Information Technology) 7 of 10
Type (Divestiture) 8 of 10
State (Tennessee) 1 of 1
Country (United States) 4 of 11
Year (2014) 4 of 4
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-30 Pacific Pride Services

Salem, Oregon, United States

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.

Buy $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-15 Serviços e Tecnologia de Pagamentos SA

Osasco, Brazil

Serviços e Tecnologia de Pagamentos SA is a transportation infrastructure company.

Buy $1.1B

Seller(S) 1

SELLER

Ceridian

Minneapolis, Minnesota, United States

website


Category Company
Founded 2013
Sector Software
Employees8,526
Revenue 1.2B USD (2022)
DESCRIPTION
Ceridian's corporate headquarters in Minneapolis, Minnesota.
Ceridian's corporate headquarters in Minneapolis, Minnesota.

Ceridian is a global human capital management software company. Dayforce the flagship cloud HCM platform provides human resources, payroll, benefits, workforce management, and talent management functionality. Ceridian platform is used to optimize the management of the entire employee lifecycle, including attracting, engaging, paying, deploying, and developing people. Ceridian has solutions for organizations of all sizes. Ceridian was incorporated in 2013 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-02 Dayforce

Toronto, Ontario, Canada

Dayforce, Inc. is a cloud human capital management software and services solution provider.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-25 RelatedMatters

Kennesaw, Georgia, United States

RelatedMatters, Inc. is a provider of team relatability solution that develops relationships amongst employees and help organizations to build better cultures.

Buy -