Article

Mentioned Companies:

FleetCor to Acquire B2B Payment Provider

FleetCor Technologies, a top provider of fuel cards and workforce payment products, will acquire Cambridge Global Payments, a provider of cross-border business-to-business (B2B) payment services. The transaction, valued at approximately $675 million, is expected to close in the third quarter of 2017. Adding privately held Cambridge will provide an immediate earnings boost to publicly traded FleetCor, which will finance the transaction from cash on hand and funds from its credit facility. Financial Technology Partners (FT Partners) was the exclusive strategic and financial advisor to Cambridge....

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June 2017
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