M&A Deal Summary |
|
|---|---|
| Date | 2014-07-30 |
| Target | Pacific Pride Services |
| Sector | Business Services |
| Buyer(s) | Corpay |
| Sellers(s) | WEX |
| Deal Type | Divestiture |
| Deal Value | 50M USD |
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| Category | Company |
|---|---|
| Founded | 1986 |
| Sector | Business Services |
| Employees | 10 |
| Revenue | 3.8B USD (2023) |
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 | 16 of 36 |
| Sector (Business Services) | 5 of 9 |
| Type (Divestiture) | 7 of 10 |
| State (Oregon) | 1 of 3 |
| Country (United States) | 3 of 13 |
| Year (2014) | 3 of 4 |
| Size (of disclosed) | 6 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-06-05 |
Masternaut
London, United Kingdom Masternaut Ltd. is a fleet telematics service provider. Masternaut provides solutions for fleet tracking and optimization, driver behaviour improvement and digital transformation. Masternaut Ltd. was founded in 2014 and is based in London, United Kingdom. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-08-12 |
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. |
Buy | $3.5B |
| Category | Company |
|---|---|
| Founded | 1983 |
| Sector | Information Technology |
| Employees | 5,300 |
| Revenue | 2.5B USD (2023) |
WEX is a global provider of payment processing and information management services. The Company primarily focuses on simplifying the complexities of payment systems across a wide range of sectors, including fleet, travel and healthcare. For the fleet industry, WEX offers fuel cards and vehicle maintenance solutions to help companies manage their fleets more efficiently. In the travel sector, WEX provides virtual payment solutions that enable travel agencies, corporate travel departments, and online travel providers to automate and manage payments to suppliers. For healthcare, WEX offers healthcare payment products and services that facilitate payments and transactions between patients, providers, and payers. WEX was formed in 1983 and is based in Portland, Maine.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector (Business Services) | 1 of 1 |
| Type (Divestiture) | 1 of 2 |
| State (Oregon) | 1 of 1 |
| Country (United States) | 1 of 2 |
| Year (2014) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-06-17 |
Evolution1
Simsbury, Connecticut, United States Evolution1, Inc.simplify the business of healthcare. Company through innovative healthcare software and payment solutions that administer and manage consumer directed accounts. |
Buy | $533M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-10-15 |
COCO Development
Omaha, Nebraska, United States COCO Development LLC (dba Benaissance) is a provider of ExchangePoint℠ and COBRApoint® Software as a Service (“SaaS”) solutions for individual single-point and consolidated group premium billing. |
Buy | $80M |
