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Corpay Expands Its Global Reach with GPS Capital Markets Acquisition: Details

Corpay, Inc. (NYSE:CPAY) disclosed a definitive agreement to acquire GPS Capital Markets, LLC for an undisclosed amount. Headquartered in Salt Lake City, Utah, GPS Capital Markets offers cross-border and treasury management solutions to upper-middle market companies in the U.S. Founded in 2002, GPS has several offices throughout the U.S., as well as in Australia, Canada, the European Union and the United Kingdom.  Post deal closure, Corpay will process cross-border payments for roughly 23,000 customers in more than 145 currencies across six continents. Ron Clarke, chairman and chief executive officer, Corpay said, “GPS is our third largest deal ever…GPS presents significant revenue and expense synergies and will ...