Corpay Acquires Paymerang from Aldrich Capital Partners
May 8, 2024
Corpay (NYSE: CPAY) has agreed to acquire Paymerang, a Richmond, Virginia-based provider of accounts payable automation and payment solutions, from Aldrich Capital Partners. The acquisition expands Corpay's B2B payments and AP automation capabilities across education, healthcare, hospitality, and manufacturing end markets; the deal is expected to close in Q2 2024 subject to regulatory approvals.
- Buyers
- Corpay (NYSE: CPAY)
- Targets
- Paymerang
- Sellers
- Aldrich Capital Partners
- Industry
- Payments & Fintech
- Location
- Virginia, United States
- Transaction Type
- Buyout
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