NORCROSS, Ga.--(BUSINESS WIRE)--Jun. 18, 2014--
FleetCor Technologies, Inc. (NYSE:FLT), a leading global provider of
fuel cards and workforce payment products to businesses, announced today
that it has signed a long-term agreement to provide a new commercial
fuel card program for Kwik Trip, Inc. in La Crosse, Wisconsin. Under the
terms of this agreement, FleetCor will partner with Kwik Trip to launch
and manage both a Kwik Trip Extended Network Fleet Card and a Kwik Trip
Universal Fleet Card. FleetCor will be responsible for marketing and
sales support, customer service, credit and collections, transaction
processing, and overall management of the program. The Company expects
to launch the new card programs and make them available to Kwik Trip
customers later this year.
Kwik Trip, Inc. owns and operates 400 + retail fuel locations throughout
Wisconsin, Minnesota, and Iowa. Included in these 400+ stores are more
than 100 semi-accessible diesel locations and 24 sites offering
Compressed Natural Gas (CNG). Kwik Trip, Inc.’s aggressive 5 year build
schedule of roughly 30 stores per year will add 50-75 semi-accessible
locations to the Kwik Trip network.
“We are pleased to have been selected by Kwik Trip to help bring new
value to their customers and to grow their business with these new card
offerings,” said Ron Clarke, FleetCor’s Chairman and CEO. “This deal
highlights the strength of our product, network, and customer management
capabilities in North America.”
About FleetCor
FleetCor is a leading global provider of fuel cards and workforce
payment products to businesses. FleetCor’ s payment programs enable
businesses to better control employee spending and provide
card-accepting merchants with a high volume customer base that can
increase their sales and customer loyalty. FleetCor serves commercial
accounts in North America, Latin America, Europe, and Australia/New
Zealand. For more information, please visit http://www.fleetcor.com/.
About Kwik Trip
Kwik Trip, Inc. is the family owned company headquartered in La Crosse,
WI. Kwik Trip is built on vertical integration. In addition to
convenience stores and truck stops, Kwik Trip, Inc. owns and operates
its own bakery, dairy, commissary, ice plant, banana ripening rooms,
transportation fleet, warehouse, ice cream production, beverage/bottling
plant, food safety lab, health clinic, store engineering and
construction teams. Kwik Trip, Inc. believes that vertical integration
leads to better control of quality, cost, delivery and freshness of
their products. For more information on Kwik Trip, Inc., please visit http://www.kwiktrip.com/.
Source: FleetCor Technologies, Inc.
FleetCor Technologies, Inc.
Investor Relations
investor@fleetcor.com
770-729-2017