M&A Deal Summary

Corpay Acquires Zapay

On March 6, 2024, Corpay acquired information technology company Zapay

Acquisition Highlights
  • This is Corpay’s 10th transaction in the Information Technology sector.
  • This is Corpay’s 4th transaction in Brazil.

M&A Deal Summary

Date 2024-03-06
Target Zapay
Sector Information Technology
Buyer(s) Corpay
Deal Type Add-on Acquisition

Target

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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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 34 of 36
Sector (Information Technology) 10 of 11
Type (Add-on Acquisition) 22 of 24
Country (Brazil) 4 of 4
Year (2024) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-06 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-08 Paymerang

Richmond, Virginia, United States

Paymerang offers advanced solutions that integrate AI, data capture technologies, and electronic document workflows to address complex AP challenges. Paymerang was formed in 2010 and is based in Richmond, Virginia.

Buy -