CPAY · 10-Q · 2026Q3 · Full report
Maintenance Business Divestiture
CORPAY, INC. · 2026-11-05 · Importance 65 · Surprise 60 · In source text
Corpay completed the sale of its Maintenance business to a third party on November 2, 2026. Consideration was approximately £600 million, or approximately $800 million. The company anticipates a pre-tax net gain on ultimate disposal of approximately $460 million to $515 million.
Key facts
- In June 2026, Corpay signed a definitive agreement to sell its Maintenance business for approximately £600 million (approximately $800 million); the disposal was completed on November 2, 2026. source
- Corpay completed the sale of its Maintenance business to a third party on November 2, 2026, for approximately £600 million (approximately $800 million). source
- Corpay received $424.7 million of net cash proceeds from the PayByPhone disposition during the nine months ended September 30, 2026. source
- Corpay anticipates a pre-tax net gain on the ultimate disposal of its Maintenance business of approximately $460 million to $515 million. source
- Corpay classified the Maintenance disposal group as held for sale in the second quarter of 2026 and classified its related assets and liabilities as current on its September 30, 2026 balance sheet. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | committed | +2.4% | Corpay completed the sale of its Maintenance business to a third party on November 2, 2026, for approximately £600 million (approximately… |
| cash | positive | realized | +1.5% | Corpay received $424.7 million of net cash proceeds from the PayByPhone disposition during the nine months ended September 30, 2026. |