By combining the strengths of GPS Capital Markets and Corpay, we are uniquely positioned to deliver unparalleled value in the market.<\/p>\n
GPS is our third largest deal ever. We’re quite excited about GPS’s assets including a bluechip roster of clients, a team of terrific FX specialists, and a market-leading FX netting technology, said Ron Clarke, Chairman and CEO of Corpay, Inc.<\/p>\n
The transaction is expected to close in early 2025 subject to obtaining required regulatory approvals and other customary closing conditions.<\/p>\n
For more details on the GPS Capital Markets acquisition visit: https:\/\/bit.ly\/3XtlU32<\/u><\/a><\/p>\n ABOUT CORPAY:<\/strong> ABOUT GPS CAPITAL MARKETS, LLC:<\/strong> Press contact: A photo accompanying this announcement is available at https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/4ca9bb9a-52c4-4cc3-9630-a62ba49a2cac<\/a><\/p>\n
About Corpay (NYSE: CPAY) is a global S&P 500 corporate payments company that helps businesses and consumers manage and pay expenses in a simple, controlled manner. Corpays suite of modern payment solutions help its customers better manage vehicle-related expenses (e.g. fueling and parking), travel expenses (e.g. hotel bookings) and accounts payable (e.g. paying vendors). This results in customers saving time and ultimately spending less. To learn more visit www.corpay.com<\/a>.<\/p>\n
Headquartered in Salt Lake City, Utah, GPS Capital Markets, LLC provides corporate foreign exchange services that help companies manage their foreign currency risk and execute foreign currency transactions. Founded in 2002, GPS brings together a senior management team rich in international banking experience from the world’s leading financial institutions. GPS has several offices throughout the United States, as well as in Australia, Canada, the European Union and the United Kingdom. It combines competitive exchange rates with a host of tailored international financial solutions for its clients. For more information, visit\u00a0www.gpsfx.com<\/a>.<\/p>\n
GPS Capital Markets
Lindsey Wing
801-979-6114
lwing@gpsfx.com<\/p>\n
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