FleetCor Mergers and Acquisitions Summary

Business ServicesCompany

FleetCor has acquired 27 companies, including 10 in the last 5 years. A total of 5 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 10 countries. The Company’s most targeted sectors include information technology (30%) and business services (26%).

Join Mergr and gain access to FleetCor’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the business services sector.

M&A Summary

  • M&A Total Activity29
    • M&A Buy Activity27
    • M&A Sell Activity2
  • Total Sectors Invested 8
  • Total Countries Invested 10
  • 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 Norcross, Georgia.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (1.6/yr) # 19 2 - 3 1 2 27
vol $5.0B $675M $5.7B
Sell (0.4/yr) # - 1 - 1 - - 2
  29

Most Recent M&A

Company Date Value Type
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
Travelliance, Inc. 2019-10-02 - Add-on Acquisition
Schaumburg, Illinois · www.travellianceinc.com
SOLE Financial, Inc. 2019-07-08 - Add-on Acquisition
Portland, Oregon · www.solepaycard.com
Masternaut Ltd. 2019-05-16 - Add-on Acquisition
London, United Kingdom · www.masternaut.com
Nvoicepay, Inc. 2019-03-05 - Add-on Acquisition
Beaverton, Oregon · www.nvoicepay.com
Creative Lodging Solutions 2017-11-01 - Add-on Acquisition
Lexington, Kentucky · www.yourcls.com
NexTraq, Inc. 2017-06-14 - Divestiture
Atlanta, Georgia · www.nextraq.com
Cambridge Global Payments 2017-05-01 675M USD Add-on Acquisition
Toronto, Ontario · www.cambridgefx.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Information Technology 8 (30%) 4.6B (81%) 1 (50%) -
Business Services 7 (26%) 50M (1%) - -
Internet Software and Services 4 (15%) - - -
Financial Services 3 (11%) - - -
Software 2 (7%) - 1 (50%) -
Consumer Services 1 (4%) - - -
Infrastructure 1 (4%) 1.1B (18%) - -
Leisure 1 (4%) - - -
Total 27 $5.7B 2 -

By Geo

State/Country Buy Value Sell Value
United States 10 3.5B 1 -
  Oregon 3 50M - -
  California 2 - - -
  Georgia 1 - 1 -
  Kentucky 1 - - -
  Illinois 1 - - -
  Tennessee 1 3.5B - -
United Kingdom 4 299M 1 -
Brazil 3 1.1B - -
Canada 2 855M - -
  Ontario 1 675M - -
  British Columbia 1 180M - -
Czech Republic 2 - - -
Mexico 2 - - -
Australia 1 - - -
Germany 1 - - -
Netherlands 1 - - -
New Zealand 1 - - -
Domestic 10 (37%) 3.5B (61%) 1 (50%) -
Cross-border 17 (63%) 2.2B (39%) 1 (50%) -
Total 27 $5.7B 2 -

Top M&A Advisors

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

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%
5 (19%)
Strategic(s)
37%
10 (37%)
Divested to
Strategic(s)
100%
2 (100%)

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