M&A Deal Summary

Corpay Acquires Gringo

On February 3, 2025, Corpay acquired internet software and services company Gringo

Acquisition Highlights
  • This is Corpay’s 5th transaction in the Internet Software and Services sector.
  • This is Corpay’s 5th transaction in Brazil.

M&A Deal Summary

Date 2025-02-03
Target Gringo
Sector Internet Software and Services
Buyer(s) Corpay
Deal Type Add-on Acquisition

Target

Gringo

Brazil
Gringo is a vehicle registration and compliance payment company in Brazil.

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Buyer(S) 1

Buyer

Corpay

Atlanta, Georgia, United States

Category Company
Founded 1986
Sector Business Services
Employees11,200
Revenue 4.0B USD (2024)
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 37 of 37
Sector (Internet Software and Services) 5 of 5
Type (Add-on Acquisition) 25 of 25
Country (Brazil) 5 of 5
Year (2025) 1 of 1
PREVIOUS 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 -