M&A Deal Summary

Corpay Acquires PayByPhone

On November 6, 2023, Corpay acquired information technology company PayByPhone

Acquisition Highlights
  • This is Corpay’s 9th transaction in the Information Technology sector.
  • This is Corpay’s 3rd transaction in Canada.
  • This is Corpay’s 2nd transaction in British Columbia.

M&A Deal Summary
Date 2023-11-06
Target PayByPhone
Sector Information Technology
Buyer(s) Corpay
Deal Type Add-on Acquisition

Target

PayByPhone

Vancouver, British Columbia, Canada
PayByPhone is a mobile payments company that helps millions of consumers easily pay for parking without the hassles of coins, lines, or fees. PayByPhone is based in Vancouver, British Columbia.

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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 33 of 36
Sector (Information Technology) 9 of 11
Type (Add-on Acquisition) 21 of 24
State (British Columbia) 2 of 2
Country (Canada) 3 of 3
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-20 Roomex

Dublin, Ireland

Roomex is the all-in-one travel and expenses platform built for businesses with a mobile workforce. The company helps clients book, manage, pay and analyze all of their accommodation, rail and expenses in one place - saving both time and money. Roomex is headquartered in Dublin, Ireland with offices in London, and Munich.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-06 Zapay

Brasília, Brazil

Zapay provides a digital mobility solution for paying vehicle taxes, registration, and tickets, and is integrated into the National Traffic Departments in all 27 states. Zapay is based in Brasília, Brazil.

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Mergr

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