Atlanta, Georgia - September 12, 2006 –
FleetCor, the Global Fleet Card Company,
announced today that it has acquired CH Jones/Keyfuels, a leading UK fuel card
processing company that serves hundreds of England's largest fleets.
Keyfuels, established in 1989, enjoys a market leading position in the UK
commercial fuel card industry. The company serves more than 30,000 business
fleets directly and through an extensive association of reseller partners.
"We are excited to announce this transaction, and are eager to help Keyfuels
strengthen its market leading position in the UK," said Ron Clarke, FleetCor's
Chairman & CEO. "Keyfuels has an outstanding reputation for quality and
gives us an experienced management team and platform with which to broaden our
presence in Europe."
"We share Ron's vision of building a global
fleet card company, and are delighted to become part of the FleetCor success
story," said Chris Welsh, Keyfuels CEO. "We look forward to working with Ron
and the FleetCor team as they continue to expand in the UK and throughout
Europe."
Keyfuels will continue to be run by Chris Welsh who will join FleetCor's
leadership team reporting to Mr. Clarke.
As of this acquisition, FleetCor processes for over 500,000 business fleets,
making FleetCor the worldwide fuel card processing leader.
About Fleetcor
FleetCor, (www.Fleetcor.com), FleetCor, headquartered in Atlanta, was
established in 2000. It is one of the leading providers of commercial fleet
card issuing and processing services in North America. FleetCor's card programs
are marketed throughout the U.S. and Canada under a variety of private-label
and proprietary brand name including BP. Citgo, Fuelman, FleetNet, FleetSource,
CFN, and Mannatec. FleetCor Technologies Inc. and its subsidiaries currently
employ over 450 employees, processing 145 million transactions on cards for
358,000 fleets through its Fleet Operator, Petroleum Marketer, Major Oil
Private Label and Co-brand businesses. For more information on FleetCor, visit
the company's web site at www.fleetcor.com.
For further information:
Keka DasGupta / Richelle Wilcox
DDB Public Relations
416.972.7727 / 416-972-7787
keka.dasgupta@can.ddbpr.com / richelle.wilcox@can.ddbpr.com
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