Fleetcor acquired Comdata in December 2014.
The Acquisition Details
This significant transaction saw Fleetcor Technologies, Inc. taking ownership of Comdata, a leading provider of fleet and corporate payments. The deal was finalized for a substantial sum, solidifying Fleetcor's position in the payment solutions market.
The acquisition was a strategic move, integrating Comdata's extensive services and customer base into Fleetcor's portfolio. Key details of the acquisition include:
| Detail | Description |
|---|---|
| Acquirer | Fleetcor Technologies, Inc. |
| Acquired Entity | Comdata |
| Acquisition Date | December 2014 |
| Acquisition Price | $3.45 billion |
| Prior Status | Formerly a subsidiary of Ceridian Corporation |
Comdata's Profile
Before its acquisition by Fleetcor, Comdata operated as a subsidiary of Ceridian, a global human capital management technology company. Established as a key player in its field, Comdata is headquartered in Brentwood, Tennessee. Its services have long been integral to businesses managing fleet expenses and corporate payments, offering solutions that streamline financial operations for various industries.
