Corpay Acquires GPS Capital Markets
June 19, 2024
Corpay, Inc. (NYSE: CPAY) has completed the acquisition of GPS Capital Markets, LLC, a business-to-business cross-border payments and treasury management provider. The deal expands Corpay's cross-border capabilities, adds FX netting technology and specialist teams, and will increase the company's corporate payments revenue and customer reach while Corpay also completed the divestiture of Comdata Merchant POS Solutions to PDI Technologies.
- Buyers
- Corpay, Inc.
- Targets
- GPS Capital Markets, LLC
- Industry
- Payments & Fintech
- Location
- Utah, United States
- Transaction Type
- Buyout
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