Corpay Completes Cross-Border Payments Acquisition
Corpay, Inc. (CPAY)
Company Research
Source: Business Wire
Also Completes the Divestiture of Comdata Merchant POS Solutions ATLANTA--(BUSINESS WIRE)--Corpay, Inc. (NYSE: CPAY), a global S&P 500 corporate payments company, completed the acquisition of GPS Capital Markets, LLC, a business-to-business cross-border solutions provider to upper middle market companies, primarily in the U.S.“We’re thrilled to officially welcome GPS to the Corpay family. With the addition of Paymerang and now GPS, we expect our Corporate Payments business to exceed $1.5 billion in revenue in 2025. Our integration planning is well underway, and we expect significant profit contribution next year from both acquisitions,” said Ron Clarke, chairman and chief executive officer, Corpay, Inc.In total, the two Corporate Payment deals closed this year will contribute over $200 million in revenue and approximately $0.50 of Cash EPS accretion in 2025.Corpay also announced the completion of the divestiture of Comdata Merchant POS Solutions, a point-of-sale hardware and softwa
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News
- TA Connections Collaborates with Uber for Business to Help Elevate the Travel Experience for Disrupted PassengersBusiness Wire
- Corpay, Inc. (NYSE: CPAY) had its price target raised by analysts at BMO Capital Markets from $400.00 to $440.00. They now have an "outperform" rating on the stock.MarketBeat
- Corpay Cross-Border Named the Global FX Partner of UFCBusiness Wire
- Corpay, Inc. (NYSE: CPAY) had its price target raised by analysts at Keefe, Bruyette & Woods from $400.00 to $425.00. They now have an "outperform" rating on the stock.MarketBeat
- Corpay Announces Chief Financial Officer Leaving March 2025 With Plans to Join a Not-For-Profit OrganizationBusiness Wire
CPAY
Earnings
- 11/7/24 - Beat
CPAY
Sec Filings
- 12/3/24 - Form 8-K
- 11/27/24 - Form 4
- 11/26/24 - Form 144
- CPAY's page on the SEC website