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  5. Corpay Acquires VB Servicos Comercio e Administracao LTDA

M&A Deal Summary

Corpay Acquires VB Servicos Comercio e Administracao LTDA

On September 10, 2013, Corpay acquired business services company VB Servicos Comercio e Administracao LTDA

Acquisition Highlights
  • This is Corpay’s 4th transaction in the Business Services sector.
  • This is Corpay’s 2nd transaction in Brazil.

M&A Deal Summary
Date 2013-09-10
Target VB Servicos Comercio e Administracao LTDA
Sector Business Services
Buyer(s) Corpay
Deal Type Add-on Acquisition

Target

VB Servicos Comercio e Administracao LTDA

Sao Paulo, Brazil
VB Servicos, Comercio e Administracao LTDA is a provider of transportation cards (or vale transporte) in Brazil where employers are required by legislation to provide certain employees with prepaid public transportation cards to subsidize their commuting expenses. VB is a market-leader in this space serving over 35,000 business clients, approximately one million employees, and supporting approximately 800 transportation agencies across the country. VB also markets food cards through an agreement with Edenred.

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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 11 of 39
Sector: Business Services M&A 4 of 9
Type: Add-on Acquisition M&A Deals 6 of 26
Country: Brazil M&A 2 of 5
Year: 2013 M&A 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-10 DB Trans S.A.

Brazil

DB Trans S.A. is a provider of prepaid toll, fuel, and payroll card programs for transportation companies in Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-30 Epyx

Meriden, United Kingdom

Epyx is a private electronic marketplace serving the contract automobile hire & leasing market. Epyx operates over 50 buyer schemes and hosts 11,000+ registered suppliers. The Epyx trading environment enables both customers and suppliers in the contract automobile hire & leasing market to reduce costs and increase efficiency across multiple business processes.

Buy -
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