Corpay to acquire Paymerang from Aldrich Capital Partners.

Corpay, a fintech company that offers payment solutions and tools for payment automation, agreed to acquire Paymerang, a provider of a streamlined invoice and payment automation platform, from Aldrich Capital Partners, a middle-market growth equity firm. Financial terms were not disclosed. “This acquisition is right in our wheelhouse and exactly the kind of transaction we find most attractive. It’s a business growing over 20%, within Corporate Payments, where we can accelerate growth and profitability. It will help us sell more in several large verticals where Paymerang has a strong position with satisfied customers, ERPs and partners,” Ron Clarke, Corpay Chairman and CEO.