FleetCor Acquires UK and Ireland Fuel Card Businesses from Retail Decisions
Atlanta, Georgia (U.S.A.) August 13, 2009 -
FleetCor, the Global Fleet Card Company, announced today that it has acquired the
UK and Ireland fuel card businesses of Retail Decisions (ReD). The acquisition
includes all of ReD’s fuel card operations in the UK and Ireland, including ReD’s
network of UK fuel bunkering outlets.
FleetCor Europe CEO Andrew Blazye commented, “We are delighted to announce this
significant acquisition for FleetCor Europe. It demonstrates FleetCor’s continued
commitment to the UK and Ireland, and will provide significant benefits to our
customers and partners via a larger acceptance network.”
Carl Clump, CEO of Retail Decisions, remarks, “FleetCor is a leader in the UK fuel
card market, and will make a logical home for our UK and Ireland commercial fleet
card customers, partners, and employees.” Retail Decisions is majority owned by
private equity mid-market specialist Palamon Capital Partners.
The acquisition of ReD’s UK fuel card business marks the ninth European acquisition
that FleetCor has made since 2006. FleetCor operates in eleven European markets,
including: the UK, Ireland, Netherlands, Belgium, Luxembourg, Czech Republic,
Slovakia, Russia, Poland, Lithuania, and the Ukraine.
Ron Clarke, FleetCor’s Chairman and Chief Executive Officer commented, “This deal is
an excellent fit. ReD’s business slots together very well with FleetCor’s existing UK
businesses. The combination has significant complementary strengths. We are continuing
to execute on our business strategy of growing FleetCor through expansion into
international markets.”
About FleetCor
FleetCor (www.FleetCor.com), The Global Fleet Card
Company, is the worldwide leader in managing and processing commercial fuel cards, which
save businesses money on their fuel purchases while bringing incremental business to fuel
merchants. FleetCor serves over 750,000 businesses with its fleet card programs in North
America, Europe, Asia and Africa. FleetCor’s card programs are marketed under a variety of
brand names including: CCS, CFN, Fuelman, The Fuelcard Company, Keyfuels, Mannatec and PPR.
FleetCor and its subsidiaries employ more than 1,100 associates located in 20 offices globally.
FleetCor is privately owned by management, and a group of institutional private equity investors
including Bain Capital, Summit Partners, Advent International, Advantage Capital, Nautic Partners,
HarbourVest Partners, and Performance Equity Management.
For further information:
Joanne Milroy, Eloqui Public Relations
44(207) 534 0622/07802 946220
jmilroy@eloquipr.co.uk
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