M&A Deal Summary

Corpay Acquires SOLE Financial

On July 8, 2019, Corpay acquired financial services company SOLE Financial

Acquisition Highlights
  • This is Corpay’s 2nd transaction in the Financial Services sector.
  • This is Corpay’s 7th transaction in the United States.
  • This is Corpay’s 3rd transaction in Oregon.

M&A Deal Summary
Date 2019-07-08
Target SOLE Financial
Sector Financial Services
Buyer(s) Corpay
Deal Type Add-on Acquisition
Advisor(s) Nomura Investment Bank (Financial)
Ater Wynne LLP (Legal)

Target

SOLE Financial

Portland, Oregon, United States
SOLE Financial, Inc. is a payroll card provider enabling instant, affordable wage access for workers. SOLE Financial is based in Portland, Oregon.

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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 23 of 36
Sector (Financial Services) 2 of 4
Type (Add-on Acquisition) 12 of 24
State (Oregon) 3 of 3
Country (United States) 7 of 13
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-16 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.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-02 Travelliance

Schaumburg, Illinois, United States

Travelliance, Inc. is an airline lodging programs serving distressed airline passengers, airline crews, and airline employees. Travelliance is based in Schaumburg, Illinois.

Buy -
Mergr

Product

Company

Legal