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New Deal


Announced

FLEETCOR acquires Sole.

Financials

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Transaction Value-
Consideration Type-
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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online payment processing services

Friendly

Acquisition

payroll management

Private

business payment network

United States

Payments / Commerce

Single Bidder

Synopsis

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FLEETCOR Technologies, a leading global business payments company acquires SOLE Financial, a payroll card provider enabling instant, affordable wage access for workers. Financial terms were not disclosed. The acquisition will combine SOLE with FLEETCOR’s existing digital paycard business and increase the company’s overall addressable market. “Joining FLEETCOR presents an exciting opportunity for SOLE Financial clients and partners to benefit from their resources and industry leadership position,” commented Rick Holt, CEO of SOLE Financial. “I’m confident FLEETCOR’s long-term vision will provide tremendous value to organizations and their employees.”

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