Corpay

In 2000, Ron Clarke joined the company as CEO when the company's estimated annual revenues were $25 million.{{cite news|url=https://www.investors.com/news/management/leaders-and-success/fleetcor-ceo-ron-clarke-turns-winning-career-home-run/|newspaper=Investor's Business Daily|title=FleetCor CEO Ron Clarke Turns Winning Career Into A Home Run|date=Feb 20, 2020}}

In 2002, Boston-based venture capitalist Summit Partners invested $45 million in FleetCor to expand and “[recruit] major regional and national convenience stores into the fleet program.”{{cite web|url=https://csnews.com/fleetcor-lands-45-million-infusion|publisher=Convenience Store News|title=FleetCor Lands $45-Million Infusion|date=Apr 21, 2002}} In 2003, it merged with Commercial Fueling Network (CFN).{{cite web|url=https://www.automotive-fleet.com/36324/fleetcor-and-cfn-announce-merger|publisher=Automotive Fleet|title=Fleetcor and CFN Announce Merger|date=Sep 22, 2003}} The following year, FleetCor acquired Mannatec Inc.{{cite web|url=https://www.automotive-fleet.com/38773/fleetcor-announces-acquisition-of-mannatec-inc|publisher=Automative Fleet|title=FleetCor Announces Acquisition of Mannatec Inc.|date=Oct 19, 2004}} In March. In 2004, the company partnered with Citgo “to process Citgo Petroleum Corp.’s commercial fleet card, the CITGOFleet card.”{{cite web|url=https://www.truckinginfo.com/95504/fleetcor-gets-citgo-fleet-processing-contract|publisher=HDT Truckinginfo|title=FleetCor Gets Citgo Fleet Processing Contract|date=Aug 26, 2004}} In 2005, Fleetcor began a relationship with BP, a contract that has since been extended several times.{{cite web|url=https://csnews.com/bp-extends-fleetcor-fuel-card-contract|publisher=Convenience Store News|title=BP Extends Fleetcor Fuel Card Contract|date=Sep 25, 2008}}

Bain Capital invested $75 million in Fleetcor in 2006, thus giving the company the capital to expand its presence across Europe.{{Cite news|last=Syre|first=Steven|date=2005-07-06|title=Bain invests $75m in Fleetcor|work=Boston.com|url=http://archive.boston.com/business/articles/2005/07/06/bain_invests_75m_in_fleetcor/|access-date=2020-09-14}} Fleetcor acquired United Kingdom company KeyFuels in 2006, processing over 500,000 business fleets.{{Cite web|date=2006-09-14|title=Fleetcor Acquires Keyfuels Fuel Card Processing • 09/14/2006|url=https://cardflash.com/news/2006/09/fleetcor-acquires-keyfuels-fuel-card-processing/|access-date=2020-09-14|website=CardFlash® - Payment Card Industry News|language=en-US}} Other European acquisitions from 2006 to 2009 included Abbey Fuelcards,{{Cite web|last=|first=|date=|title=Abbey Fuelcards Ltd|url=https://www.bloomberg.com/profile/company/2701824Z:LN?cic_redirect=3|access-date=2020-09-14|website=Bloomberg.com}} CSS,{{Cite web|last=|first=|date=October 11, 2006|title=Fleetcor further expands European presence by acquiring second European Fuel Card Company|url=http://www.cfnnet.com/press_0022.html|access-date=2020-09-14|website=Commercial Fueling Network}} ICP Smart Concepts,{{Cite web|title=Fleetcor - Our Company - Company Milestones|url=http://www.fleetcor.eu/our_company-milestones.htm|access-date=2020-09-14|website=Fleetcor.eu}} Petrol Plus Region (the largest independent fuel card company in Russia), and The Fuelcard Company (a United Kingdom commercial fuel card reseller).{{Cite web|last=|first=|date=April 3, 2007|title=Fleetcor Acquires Leading U.K. Fuel Card Company|url=http://www.i4test.com/fuelman/content/?page=32|access-date=2020-09-14|website=Fuelman}}

In 2007, Fleetcor won a long-term card processing contract by Chevron USA{{Cite web|last=|first=|date=September 6, 2007|title=Chevron chooses Fleetcor|url=https://www.fleetowner.com/technology/article/21669724/chevron-chooses-fleetcor|access-date=2020-09-14|website=FleetOwner}} but lost the contract to WEX in 2016.{{Cite web|title=How WEX Won Chevron From Fleetcor|url=https://www.barrons.com/articles/how-wex-won-chevron-from-fleetcor-1482267314|access-date=2020-09-14|website=Barrons.com|language=en-US}} With the addition of an investment of $46 million in equity from Advent in 2006 for European expansion,{{Cite web|first=Justin|last=Rubner|date=Nov 6, 2006|title=Fleetcor raises $46M for European expansion|url=https://www.bizjournals.com/atlanta/stories/2006/11/06/story13.html|access-date=2020-09-14|website=Bizjournals.com}} Fleetcor launched British Petroleum (BP) Mastercard, a North American major oil co-branded fleet card, and introduced FleetCardsUsa.com, a fleet card web portal.{{Cite web|last=|first=|date=|title=About Fleetcor|url=https://careers.fleetcor.co.nz/about-fleetcor/|access-date=2020-09-14|website=Fleetcor Company Website|language=en-US}}

In 2009, Fleetcor acquired Corporate Lodging Consultants, a provider of workforce travel savings and solutions for companies.{{Cite web|last=|first=|date=April 2, 2009|title=Fleetcor Acquires the Leader in Lodging Management Programs for Business|url=https://account.clclodging.com/files/AcquisitionRelease.pdf|access-date=|website=Corporate Lodging Consultants}} Fleetcor launched Global FleetNet, a global card processing platform,{{Cite web|last=Fleetcor|title=Company|url=https://www.fleetcor.com/company/|access-date=2020-09-14|website=Fleetcor}} and purchased Retail Decisions’ United Kingdom fleet card operations.{{Cite web|date=2009-08-17|title=Fleetcor acquires UK and Ireland fuel card businesses of Retail Decisions|url=http://www.privateequitywire.co.uk/2009/08/17/fleetcor-acquires-uk-and-ireland-fuel-card-businesses-retail-decisions|access-date=2020-09-14|website=Privateequitywire.co.uk|language=en}}

In 2010, Fleetcor went public, debuting a $335 million initial public offering.{{Cite web|title=Fleetcor Completes Initial Public Offering |url=http://investor.fleetcor.com/news-releases/news-release-details/fleetcor-completes-initial-public-offering/|access-date=2020-09-14|website=investor.fleetcor.com|language=en}} That year, it renewed the British Petroleum (BP) United States fleet card contract and acquired Carnet, a Czech Republic provider of telematics solutions.{{Cite web|last=|first=|date=|title=Renewed British Petroleum (BP) United States fleet card contract & Acquired Carnet|url=http://www.fleetcor.eu/our_company-milestones.htm|access-date=2020-09-14|website=Fleetcor.eu}}

Fleetcor won the $300 million Shell Europe/Asia fleet card processing contract (with Logical) in 2011{{Cite web|last=Fleetcor|title=Logica and Fleetcor Technologies Sign EUR 300 Million Deal to Provide a Managed Fuel Cards Service for Shell|url=https://www.fleetcor.com/news/logica-and-fleetcor-technologies-sign-eur-300-million-deal-to-provide-a--managed-fuel-cards-service-for-shell/|access-date=2020-09-14|website=Fleetcor}} and acquired Mexico’s Efectivale (a fuel and food payments services company){{Cite web|last=Clinton|first=Paul|title=Fleetcor's Next Steps in Fleet Payments|url=https://www.automotive-fleet.com/340262/fleetcors-next-steps-in-fleet-payments|access-date=2020-09-14|website=Automotive-fleet.com}} and acquired AllStar Business Solutions (fuel card provider in the UK market) for $304 million.{{Cite web|last=|first=|date=Dec 13, 2011|title=Fleetcor Acquires UK Fuel Card Company for approximately $304 Million|url=http://investor.fleetcor.com/news-releases/news-release-details/fleetcor-acquires-uk-fuel-card-company-approximately-304-million|access-date=|website=Fleetcor}}

Fleetcor continued its global expansion in 2012 by acquiring a leading fuel card systems company in Russia{{Cite web|date=2012-07-11|title=Fleetcor Acquires Fuel Card Company in Russia|url=https://www.businesswire.com/news/home/20120711005473/en/Fleetcor-Acquires-Fuel-Card-Company-in-Russia|access-date=2020-09-14|website=Businesswire.com|language=en}} and CTF, a fuel payment processing services provider in Brazil, for $180 million.{{Cite web|title=Fleetcor Successfully Completes Acquisition of CTF Technologies|url=http://investor.fleetcor.com/news-releases/news-release-details/fleetcor-successfully-completes-acquisition-ctf-technologies/|access-date=2020-09-14|website=investor.fleetcor.com|language=en}}

In 2013, Fleetcor acquired the following: Australia’s FleetCard,{{Cite web|title=Fleetcor Acquires GE Capital's Australia Fuel Card Business|url=https://www.monitordaily.com/news-posts/fleetcor-acquires-ge-capitals-australia-fuel-card-business/|access-date=2020-09-14|website=Monitordaily|language=en-US}} New Zealand’s Cardlink,{{Cite web|title=CardLink Systems, Acquired by Fleetcor Technologies, Inc. on April 30th, 2013 {{!}} Mergr|url=https://mergr.com/cardlink-systems-acquired-by-fleetcor-technologies|access-date=2020-09-14|website=mergr.com}} VB Serviços (a provider of transportation cards and vouchers in Brazil),{{Cite web|last=|first=|date=Sep 10, 2013|title=Fleetcor Acquires VB Servicos|url=https://investor.fleetcor.com/static-files/9675573d-dbd4-458c-bfac-3211fac32343|access-date=|website=Fleetcor Company Website}} DB Trans (also in Brazil),{{Cite web|title=FleetCor Announces Acquisitions in Brazil|url=http://investor.fleetcor.com/news-releases/news-release-details/fleetcor-announces-acquisitions-brazil/|access-date=2020-09-14|website=investor.fleetcor.com|language=en}} Epyx (a SaaS system and a network of vehicle repair garages serving fleet operators in the UK),{{Cite web|date=2013-10-30|title=Fleetcor Acquires Epyx, A Leading Provider to the Fleet Maintenance Marketplace|url=https://www.businesswire.com/news/home/20131030006262/en/Fleetcor-Acquires-Epyx-A-Leading-Provider-to-the-Fleet-Maintenance-Marketplace|access-date=2020-09-14|website=Businesswire.com|language=en}} and NexTraq, a US-based provider of telematics solutions.{{Cite web|title=Fleetcor Acquires NexTraq, A Leading Telematics Provider|url=https://fleetcor.gcs-web.com/news-releases/news-release-details/fleetcor-acquires-nextraq-leading-telematics-provider/|access-date=2020-09-14|website=fleetcor.gcs-web.com|language=en}} Fleetcor also signed three deals in 2013, with GE Custom Fleet in Australia,{{Cite web|title=Fleetcor and Custom Fleet announce new Australian Fuel Card agreement {{!}} GE News|url=https://www.ge.com/news/press-releases/fleetcor-and-custom-fleet-announce-new-australian-fuel-card-agreement|access-date=2020-09-14|website=Ge.com}} Good Card, a leading Brazilian fuel card network operator, and Husky Oil Limited.{{Cite web|title=Fleetcor Awarded Canadian Commercial Fleet Card Contract|url=https://fleetcor.gcs-web.com/news-releases/news-release-details/fleetcor-awarded-canadian-commercial-fleet-card-contract/|access-date=2020-09-14|website=fleetcor.gcs-web.com|language=en}}

In 2014, the company established minority investment in Masternaut, a European-based provider of telematics solutions,{{Cite web|date=2014-06-04|title=Summit Partners and FleetCor Technologies Acquire Masternaut, a European Leader in Telematics|url=https://www.businesswire.com/news/home/20140604005793/en/Summit-Partners-and-Fleetcor-Technologies-Acquire-Masternaut-a-European-Leader-in-Telematics|access-date=2020-09-14|website=Businesswire.com|language=en}} signed definitive documents to acquire Shell's SME portfolio in select European markets,{{Cite web|last=|first=|date=|title=Fleetcor expands globally in Shell and Chevron deals|url=https://www.bizjournals.com/atlanta/news/2014/05/01/fleetcor-expands-globally-in-shell-and-chevron.html|access-date=2020-09-14|website=Bizjournals.com}} and acquired Pacific Pride (a cardlock fueling network operating in the US and Canada){{Cite web|title=Pacific Pride Services, Acquired by Fleetcor Technologies, Inc. on July 30th, 2014 {{!}} Mergr|url=https://mergr.com/pacific-pride-services-acquired-by-fleetcor-technologies|access-date=2020-09-14|website=mergr.com}} and Comdata (a business-to-business provider of innovative electronic payment solutions) for $3.45 billion.{{Cite web|title=Fleetcor Agrees to Acquire Comdata for $3.45 Billion |url=http://investor.fleetcor.com/news-releases/news-release-details/fleetcor-agrees-acquire-comdata-345-billion/|access-date=2020-09-14|website=investor.fleetcor.com|language=en}} BP awarded Fleetcor a long-term contract in 2015.{{Cite web|last=|first=|date=Nov 12, 2015|title=BP Awards Fleetcor Long Term Contract|url=https://investor.fleetcor.com/news-releases/news-release-details/bp-awards-fleetcor-long-term-contract/|access-date=2020-09-14|website=investor.fleetcor.com|language=en}}

Fleetcor acquired Travelcard (universal fuel card issuer in the Netherlands){{Cite web|date=2016-08-04|title=Fleetcor Acquires Travelcard, a Universal Fuel Card Issuer in the Netherlands|url=https://www.businesswire.com/news/home/20160804006217/en/Fleetcor-Acquires-Travelcard-a-Universal-Fuel-Card-Issuer-in-the-Netherlands|access-date=2020-09-14|website=Businesswire.com|language=en}} and Sem Parar (electronic toll payments company in Brazil) in 2016,{{Cite news|last=Parra-Bernal|first=Guillermo|date=2016-03-15|title=Fleetcor pays $1.1 billion for Brazil toll payment firm Sem Parar|language=de|work=Reuters|url=https://de.reuters.com/article/us-semparar-m-a-fleetcor-technol-idUKKCN0WH1AS|access-date=2020-09-14}}{{dead link|date=July 2021|bot=medic}}{{cbignore|bot=medic}} and Fleetcor signed an agreement to manage the commercial fuel card program for Speedway LLC (Speedway) the same year.{{Cite web|date=August 9, 2016|title=Speedway, Fleetcor Sign Commercial Fleet Card Contract|url=https://www.cspdailynews.com/technologyservices/speedway-fleetcor-sign-commercial-fleet-card-contract|access-date=2020-09-14|website=CSP Daily News|language=en}}

Fleetcor joined the Fortune 1000 in 2017,{{Cite web|title=Fleetcor Technologies Company Profile|url=https://fortune.com/company/fleetcor-technologies/|access-date=2020-09-14|website=Fortune|language=en}} and expanded to Italy with minority investment in Qui! Group, an Italian-based provider of food voucher and card solutions.{{Cite web|date=2017-02-08|title=Fleetcor Completes Minority Investment in Qui! Group, a Leading Italian Food Card Provider|url=https://www.businesswire.com/news/home/20170208005750/en/FLEETCOR-Completes-Minority-Investment-in-Qui%21-Group-a-Leading-Italian-Food-Card-Provider|access-date=2020-09-14|website=Businesswire.com|language=en}} Cambridge Global Payments, a B2B international payments provider,{{Cite web|date=2017-05-01|title=Fleetcor to Acquire "Cambridge Global Payments," a Leading B2B International Payments Provider|url=https://www.businesswire.com/news/home/20170501006125/en/FLEETCOR-to-Acquire-%E2%80%9CCambridge-Global-Payments%E2%80%9D-a-Leading-B2B-International-Payments-Provider|access-date=2020-09-14|website=Businesswire.com|language=en}} and Creative Lodging Solutions, a leading lodging provider to businesses, were added to Fleetcor's acquisitions as well.{{Cite web|date=2017-11-01|title=Fleetcor Acquires Creative Lodging Solutions, a Complementary Lodging Network Provider to Businesses|url=https://www.businesswire.com/news/home/20171101006720/en/FLEETCOR-Acquires-Creative-Lodging-Solutions-a-Complementary-Lodging-Network-Provider-to-Businesses|access-date=2020-09-14|website=Businesswire.com|language=en}}

Fleetcor joined the S&P 500 in 2018.{{Cite web|date=2018-06-21|title=Fleetcor Joins S&P 500|url=https://www.businesswire.com/news/home/20180621005592/en/FLEETCOR-Joins-SP-500|access-date=2020-09-14|website=Businesswire.com|language=en}} Fleetcor made a minority investment in P97 Networks, Inc., a cloud-based mobile commerce solutions company, the same year.{{Cite web|date=2018-05-03|title=Fleetcor and P97 Form Strategic Partnership to Accelerate Mobile Payments at Gas Stations|url=https://www.businesswire.com/news/home/20180503006653/en/FLEETCOR-and-P97-Form-Strategic-Partnership-to-Accelerate-Mobile-Payments-at-Gas-Stations|access-date=2020-09-14|website=Businesswire.com|language=en}}

In 2019, Fleetcor led three major acquisitions: Nvoicepay (an Account Payables automation for businesses company), Sole Financial (a payroll card provider), and Travelliance (airline lodging programs).{{Cite web|title=This Company Has Been Aggressively Buying Up Businesses — and It's Working|url=https://fortune.com/2018/06/14/fleetcor-acquisition-strategy/|access-date=2020-09-14|website=Fortune|language=en}} In November 2019, Fleetcor officially opened a new corporate office in the Terminus 100 office.{{Cite web|last=|first=|date=|title=Fleetcor moving HQ from Peachtree Corners to 27-story Buckhead tower|url=https://www.bizjournals.com/atlanta/news/2019/04/03/fleetcor-moving-hq-from-peachtree-corners-to-27.html|access-date=2020-09-14|website=Bizjournals.com}} In August 2022, Fleetcor acquired Accrualify, an accounts payable software firm.{{Cite web |last=PYMNTS |date=2022-08-03 |title=FLEETCOR Acquires AP Software Firm Accrualify |url=https://www.pymnts.com/acquisitions/2022/business-payments-company-fleetcor-acquires-ap-software-firm-accrualify/ |access-date=2022-08-04 |website=www.pymnts.com |language=en-US}} In August 2023, Fleetcor sold its business in Russia and exited the market.{{Cite web|date=2023-08-15|title=Fleetcor sells Russia business|url=https://www.bizjournals.com/atlanta/news/2023/08/15/fleetcor-sells-russia-business.html|access-date=2023-08-15|website=bizjournals.com|language=en}} In March 2024, the company changed its name to Corpay.

In May 2024, Corpay acquired Paymerang, a Richmond, Virginia headquartered accounts payable automation company for $475 million.{{Cite web|date=2024-05-13|title=Corpay Acquires Paymerang for $475 Million to Expand AP Automation Services|url=https://fintech.industryexaminer.com/corpay-acquires-paymerang-for-475-million-to-expand-ap-automation-services/|website=Fintech Industry Examiner|language=en}}

In response to the 2022 Russian invasion of Ukraine, FLEETCOR took steps to exit the Russian market. The company announced its complete withdrawal from Russia on October 2, 2023, finalizing the sale of its Russian business to a local investment group.{{cite web |date=2 October 2023 |title=FLEETCOR Exits Russia |url=https://investor.corpay.com/news-releases/news-release-details/fleetcor-exits-russia/ |access-date=10 December 2024 |publisher=Corpay Investor Relations}} Prior to this decision, FLEETCOR had faced criticism for continuing its operations in Russia while other companies scaled back or ceased their presence.{{cite web |title=Fleetcor |url=https://leave-russia.org/fleetcor |access-date=10 December 2024 |website=Leave Russia}}

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{{Finance links

| name = Corpay

| symbol = CPAY

| reuters = CPAY.N

| bloomberg = CPAY:US

| sec_cik = 1175454

| yahoo = CPAY

| google = CPAY:NYSE

}}

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Category:Companies listed on the New York Stock Exchange

Category:Companies based in Gwinnett County, Georgia

Category:Financial services companies established in 2000

Category:2010 initial public offerings

Category:Financial technology companies