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New Deal


Announced

WEX to acquire the business card program from ExxonMobil.

Financials

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

Tags

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Single Bidder

United States

Friendly

Domestic

Business Process Outsourcing

security services

Private

Acquisition

Majority

Pending

Synopsis

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WEX, a global commerce platform, agreed to acquire the business card program from ExxonMobil, an integrated oil and gas company. Financial terms were not disclosed. “The ExxonMobil Team at WEX is very excited by the prospect of welcoming these customers to our North American portfolio of business, completing the consolidation of all ExxonMobil’s commercial card business at WEX. Customers will enjoy the same benefits, purchasing controls, and savings opportunities as all other Exxon Mobil BusinessPro customers across the US and Canada," Gene Currier, WEX Vice President and Business Manager.

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