NORCROSS, Ga.--(BUSINESS WIRE)--Nov. 17, 2014--
FleetCor Technologies, Inc. (NYSE:FLT), a leading global provider of
fuel cards and workforce payment products to businesses, today announced
that it has completed the previously announced acquisition of Comdata
Inc. (“Comdata”) from Ceridian LLC, a portfolio company of funds
affiliated with Thomas H. Lee Partners, L.P. (“THL”) and Fidelity
National Financial Inc. (NYSE: FNF), for $3.45 billion. Thomas M.
Hagerty, a representative from THL, is joining FleetCor’s board of
“We are thrilled to announce the completion of the Comdata acquisition,”
said Ron Clarke, chairman and chief executive officer of FleetCor
Technologies, Inc. “We believe this acquisition has great potential,
particularly the corporate payments business, which will add a
completely new growth leg to FleetCor. We are also delighted to welcome
the Comdata team to the FleetCor family.”
Comdata is a leading business-to-business provider of innovative
electronic payment solutions. As an issuer and a processor, Comdata
provides fleet, virtual card, and gift card solutions to over 20,000
customers. It has approximately 1,300 employees and processes over $54
billion in payments annually.
FleetCor is a leading global provider of fuel cards and workforce
payment products to businesses. FleetCor's payment programs enable
businesses to better manage and 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, Australia and New
Zealand. For more information, please visit www.fleetcor.com.
Source: FleetCor Technologies, Inc.
FleetCor Technologies, Inc.
Investor Relations, 770-729-2017