SALT LAKE CITY — GPS Capital Markets, LLC, a leading fintech company providing corporate foreign exchange services, announced that it has signed a definitive agreement to be acquired by Corpay, Inc. (NYSE: CPAY), a leading corporate payments company.
The acquisition will provide significant benefits to GPS Capital Markets’ clients, including enhanced delivery channels and greater access to FX services in global markets.
“At GPS, our clients are at the center of everything we do. Leveraging Corpay’s resources and our team’s expertise will enable us to deliver even greater value and drive transformational outcomes in the financial markets. The combined capabilities of our two companies will deliver significant benefits to our clients and employees,” said Brandon Park, President and CEO of GPS Capital Markets.
By combining the strengths of GPS Capital Markets and Corpay, we are uniquely positioned to deliver unmatched value in the marketplace.
“GPS represents our third largest transaction to date. We are excited about the GPS assets, including its top-tier client roster, talented team of FX specialists and market-leading FX netting technology,” said Ron Clark, Chairman and CEO of Corpay, Inc.
The transaction is expected to close in early 2025, subject to receipt of necessary regulatory approvals and other customary closing conditions.
For more information about the GPS Capital Markets acquisition, please see: https://bit.ly/3XtlU32
About CORPAY:
About Corpay (NYSE: CPAY) is a global S&P 500 corporate payments company that helps businesses and consumers manage and pay their expenses in a simple and controlled way. Corpay’s modern suite of payment solutions helps customers better manage vehicle-related expenses (such as fuel and parking fees), travel expenses (such as hotel reservations) and accounts payable (such as vendor payments), helping customers save time and ultimately spend less. For more information, visit www.corpay.com.
About GPS CAPITAL MARKETS, LLC:
Headquartered in Salt Lake City, Utah, GPS Capital Markets, LLC provides corporate foreign currency services to help companies manage their foreign currency risks and execute foreign currency transactions. Founded in 2002, GPS has assembled a senior management team with extensive international banking experience at some of the world’s leading financial institutions. GPS has multiple offices throughout the United States, as well as in Australia, Canada, the European Union and the United Kingdom. We combine competitive exchange rates with a variety of tailored international financial solutions. For more information, please visit www.gpsfx.com.
Press Contact:
GPS Capital Markets
Lindsay Wing
801-979-6114
[email protected]
