CPAY · News · 20260805N
Acquisition / Partnership / Divestiture
CORPAY, INC. · 2026-08-05 · Importance 40 · Surprise 42 · In source text
Corpay signed a definitive agreement to sell UK-based epyx and sister companies r2c Online and Business Gateway to OEConnection, a Francisco Partners portfolio company. The businesses provide fleet software and digital networks linking fleet operators, leasing companies, service providers and vehicle manufacturers. Management characterized the assets as non-core and plans to simplify the portfolio and reallocate capital; the transaction value was not disclosed.
Key facts
- Corpay signed a definitive agreement to sell UK-based epyx, along with sister companies r2c Online and Business Gateway, to OEConnection (OEC), a Francisco Partners portfolio company. source
- Corpay announced plans to divest non-core businesses like epyx to simplify its portfolio and reallocate capital. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | negative | committed | — | Corpay signed a definitive agreement to sell UK-based epyx, along with sister companies r2c Online and Business Gateway, to OEConnection… |
| assets | negative | committed | — | Corpay signed a definitive agreement to sell UK-based epyx, along with sister companies r2c Online and Business Gateway, to OEConnection… |