M&A Deal Summary

Corpay Acquires Comdata Network

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

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

M&A Deal Summary
Date 2014-08-12
Target Comdata Network
Sector Information Technology
Buyer(s) Corpay
Sellers(s) Dayforce
Deal Type Divestiture
Deal Value 3.5B USD

Target

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.

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Buyer(S) 1

Buyer

Corpay

Atlanta, Georgia, United States
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 17 of 36
Sector (Information Technology) 7 of 11
Type (Divestiture) 8 of 10
State (Tennessee) 1 of 1
Country (United States) 4 of 13
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

Dayforce

Minneapolis, Minnesota, United States
Category Company
Founded 1992
Sector Software
Employees9,084
Revenue 1.5B USD (2023)
DESCRIPTION
Ceridian's corporate headquarters in Minneapolis, Minnesota.
Ceridian's corporate headquarters in Minneapolis, Minnesota.

Dayforce 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. Dayforce was founded in 1992 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 -
Mergr

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