{"id":1016985,"date":"2026-11-05T02:45:48","date_gmt":"2026-11-05T07:45:48","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/corpay-completes-sale-of-vehicle-maintenance-business\/"},"modified":"2026-11-05T02:45:48","modified_gmt":"2026-11-05T07:45:48","slug":"corpay-completes-sale-of-vehicle-maintenance-business","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/corpay-completes-sale-of-vehicle-maintenance-business\/","title":{"rendered":"Corpay Completes Sale of Vehicle Maintenance Business"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Corpay Completes Sale of Vehicle Maintenance Business<\/b><\/p>\n<p class=\"bwalignc\"><i>Second Vehicle Payments divestiture advances shift toward Corporate Payments<\/i><\/p>\n<p>ATLANTA&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nCorpay, Inc. (NYSE: CPAY), the Global Spend Management company, today announced it has completed the sale of its UK-based vehicles maintenance business to OEConnection (OEC), a Francisco Partners portfolio company.<\/p>\n<p>\n\u201cThis is our second Vehicle Payments divestiture this year, and another step in shifting our portfolio toward Corporate Payments,\u201d said Ron Clarke, Chairman and CEO of Corpay. \u201cWe\u2019re concentrating our capital and management attention on fewer, bigger businesses.\u201d<\/p>\n<p>\nThe divestiture is expected to be neutral to Corpay\u2019s 2026 Cash EPS outlook, with share repurchases offsetting the earnings contribution of the business sold. The transaction\u2019s impact is included in Corpay\u2019s updated 2026 guidance provided in its third-quarter earnings release.<\/p>\n<p>\nBarclays and J.P. Morgan acted as financial advisors to Corpay, and Jones Day acted as legal counsel to Corpay.<\/p>\n<p><b>About Corpay<\/b><\/p>\n<p>\nCorpay (NYSE: CPAY), the Global Spend Management Company, is an S&amp;P 500 company with three primary B2B solution sets. Spend Management, provides corporate and virtual card programs and AP automation solutions. Cross-Border, helps businesses manage foreign-currency exposure and provides global multi-currency account solutions. Vehicle Solutions, controls fuel, tolls, parking and related vehicle spend. With Corpay, the more a business controls, the less it spends. To learn more, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fcorpay.com&amp;esheet=54635504&amp;newsitemid=20261104204286&amp;lan=en-US&amp;anchor=corpay.com&amp;index=1&amp;md5=bd90273ea211ec173c85a8dc38d23010\">corpay.com<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20261104204286r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20261104204286\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20261104204286\/en\/<\/a><\/span><\/p>\n<p>\nCorpay Investor Relations<br \/>\n<br \/>Jim Eglseder<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Jim.Eglseder@corpay.com\">Jim.Eglseder@corpay.com<br \/>\n<\/a><br \/>770-417-4697<\/p>\n<p><b>KEYWORDS:<\/b> Georgia Europe United States United Kingdom North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Payments Automotive General Automotive Technology Software Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20261104204286\/en\/2105322\/3\/Corpay_logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Corpay Completes Sale of Vehicle Maintenance Business Second Vehicle Payments divestiture advances shift toward Corporate Payments ATLANTA&#8211;(BUSINESS WIRE)&#8211; Corpay, Inc. (NYSE: CPAY), the Global Spend Management company, today announced it has completed the sale of its UK-based vehicles maintenance business to OEConnection (OEC), a Francisco Partners portfolio company. \u201cThis is our second Vehicle Payments divestiture this year, and another step in shifting our portfolio toward Corporate Payments,\u201d said Ron Clarke, Chairman and CEO of Corpay. \u201cWe\u2019re concentrating our capital and management attention on fewer, bigger businesses.\u201d The divestiture is expected to be neutral to Corpay\u2019s 2026 Cash EPS outlook, with share repurchases offsetting the earnings contribution of the business sold. The transaction\u2019s impact is included in Corpay\u2019s updated 2026 guidance &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/corpay-completes-sale-of-vehicle-maintenance-business\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Corpay Completes Sale of Vehicle Maintenance Business&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1016985","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Corpay Completes Sale of Vehicle Maintenance Business - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/corpay-completes-sale-of-vehicle-maintenance-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Corpay Completes Sale of Vehicle Maintenance Business - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Corpay Completes Sale of Vehicle Maintenance Business Second Vehicle Payments divestiture advances shift toward Corporate Payments ATLANTA&#8211;(BUSINESS WIRE)&#8211; Corpay, Inc. (NYSE: CPAY), the Global Spend Management company, today announced it has completed the sale of its UK-based vehicles maintenance business to OEConnection (OEC), a Francisco Partners portfolio company. \u201cThis is our second Vehicle Payments divestiture this year, and another step in shifting our portfolio toward Corporate Payments,\u201d said Ron Clarke, Chairman and CEO of Corpay. \u201cWe\u2019re concentrating our capital and management attention on fewer, bigger businesses.\u201d The divestiture is expected to be neutral to Corpay\u2019s 2026 Cash EPS outlook, with share repurchases offsetting the earnings contribution of the business sold. 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