M&A Deal Summary

Corpay Acquires GPS

On June 19, 2024, Corpay acquired business services company GPS

Acquisition Highlights
  • This is Corpay’s 9th transaction in the Business Services sector.
  • This is Corpay’s 13th transaction in the United States.
  • This is Corpay’s 1st transaction in Utah.

M&A Deal Summary
Date 2024-06-19
Target GPS
Sector Business Services
Buyer(s) Corpay
Deal Type Add-on Acquisition

Target

GPS

South Jordan, Utah, United States
GPS provides business-to-business cross-border and treasury management solutions to upper-middle market companies, primarily in the US. GPS is based in South Jordan, Utah.

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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 36 of 36
Sector (Business Services) 9 of 9
Type (Add-on Acquisition) 24 of 24
State (Utah) 1 of 1
Country (United States) 13 of 13
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-08 Paymerang

Richmond, Virginia, United States

Paymerang offers advanced solutions that integrate AI, data capture technologies, and electronic document workflows to address complex AP challenges. Paymerang was formed in 2010 and is based in Richmond, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-02 Comdata Merchant Solutions

Brentwood, Tennessee, United States

Comdata Merchant Solutions includes the Point of Sale (POS) hardware, software, and systems that enable transactions at the site level for truck stops and unattended commercial fueling locations. Comdata Merchant Solutions is based in Brentwood, Tennessee.

Sell -
Mergr

Product

Company

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