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Breaking News
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News and Press Releases
FleetCor Acquires UK and Ireland Fuel Card Businesses
Fleetcor closes new $100 million Series E equity financing
Fleetcor acquires the leader in lodging management programs
BP Extends FleetCor’s Fuel Card Contract in North America
FleetCor Establishes Strategic Partnership with Petrol Plus Region
CITGO Awards FleetCor New Processing and Management Contract
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Press Releases
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In the News
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Atlanta, U.S.A. –
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.
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Atlanta, U.S.A. –
FleetCor, The Global Fleet Card Company, announced today that it closed $100 million
of Series E equity financing in conjunction with its recent acquisition of Corporate Lodging
Consultants (CLC).
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Atlanta, U.S.A. –
FleetCor, the Global Fleet Card Company, announced today that it has acquired Corporate
Lodging Consultants, Inc. (CLC) from Nautic Partners.
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Atlanta, U.S.A. –
FleetCor, The Global Fleet Card Company, announced today that BP Products North
America extended its fleet card processing and program management services for its North
American fuel card products. This will include the BP and ARCO proprietary business fleet
cards as well as the Universal and Branded Marketer fleet card programs.
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Atlanta, U.S.A. –
FleetCor, the Global Fleet Card Company, announced today that it has established a strategic partnership with
Moscow-based Petrol Plus Region (PPR), Russia’s leading independent fuel card company. PPR has operations in Russia,
Poland and the Baltic countries (Lithuania, Latvia and Estonia). FleetCor will assume management and strategic
development responsibility of the business as of the time of this press release.
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Atlanta, U.S.A. –
FleetCor, The Global Fleet Card Company, announced today that it has been selected by CITGO
Petroleum Corporation (CITGO) to provide fleet card processing and program management
services for its fuel cards. With this win, FleetCor has been awarded the last four competitive
bids for major oil private label fleet card contracts.
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PURCHASE, NY –
MasterCard Worldwide today announced it is the first payments company to offer small businesses
automatic savings on fuel and maintenance through the addition of the Fuelman Network, a nationally
recognized fuel and maintenance network, to the MasterCard Easy SavingsTM program. MasterCard BusinessCard® credit
and signature debit cardholders enrolled in the program will now receive savings on fuel and maintenance purchases
at more than 16,800 participating locations in the Fuelman Network nationwide.
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Atlanta, Georgia –
FleetCor, the Global Fleet Card Company, announced today that it has signed
definitive agreements to acquire the fleet card company of ICP Smart Concepts,
a leading provider of commercial fuel card processing services to major oil
clients in Europe, Asia and Africa.
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Atlanta, U.S.A. –
FleetCor, the Global Fleet Card Company, announced today the appointment of former
IBM executive Sean Bowen to the newly created position of Senior Vice President, General Counsel.
In this role, Bowen will have global responsibility for all legal matters company-wide.
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London, U.K. –
FleetCor, the Global Fleet Card Company, announced today that its U.K. division, The Fuelcard Company U.K.,
has acquired Abbey Fuelcards. This purchase marks the third acquisition for FleetCor Europe in 2008.
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London, U.K. –
FleetCor, the Global Fleet Card Company, announces today that Keyfuels, a U.K. subsidiary,
has achieved its best ever results in an annual customer satisfaction survey conducted by
Customer Service Network (CSN), the U.K.'s leading independent service excellence organisation.
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Atlanta, Georgia –
FleetCor, the Global Fleet Card Company, announced today that its subsidiary, CCS, has acquired Tracker s.r.o.,
a leading provider of GPS monitoring applications for business fleets in the Czech Republic and Slovakia.
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Atlanta, Georgia –
FleetCor, the Global Fleet Card Company, announces today that its U.K. subsidiary, The Fuel Card Company UK, has acquired
the commercial fuel card assets of Petroplus Holdings AG.
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Atlanta, Georgia –
Today, FleetCor – the worldwide leader in fuel card processing – announced that it has partnered with Trimble,
a global leader in commercial positioning solutions, to provide the FleetCor Fleet MasterCard program to
Trimble mobile resource management customers.
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Atlanta, Georgia –
FleetCor, The Global Fleet Card Company, announced today that it has been selected by
Chevron U.S.A. Inc. to own and operate its branded commercial private label fuel credit
cards. With this selection, FleetCor has won the last three major private label contracts
that were competitively awarded.
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San Ramon, California –
Chevron Corporation (NYSE: CVX) today announced that its subsidiaries Chevron U.S.A. Inc. and
Chevron Credit Bank, N.A., reached agreements to sell their respective proprietary credit card businesses.
Chevron has selected GE Money Bank, N.A. to own and operate its Chevron®- and Texaco®-branded consumer
credit cards, and FleetCor Technologies Operating Company, LLC to own and operate its branded commercial
credit cards. The transactions are subject to certain approvals, including regulatory, and are expected
to close later this year.
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Atlanta, Georgia –
FleetCor today announces Charles Freund as managing director for its newly
acquired subsidiary, The Fuelcard Company. In this position, Freund will
contribute to FleetCor’s global expansion by leading the growth of The
Fuelcard Company.
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Atlanta, Georgia –
FleetCor, the Global Fleet Card Company, announced today that it has acquired the
remaining 50% ownership interest of CCS Slovakia through its subsidiary CCS in the
Czech Republic. CCS Slovakia is the leading fuel card processor in the Slovak market.
FleetCor has obtained the remaining ownership interest from UTA a Germany-based fleet
card company, CCS's previous partner in the venture.
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ATLANTA, Georgia –
FleetCor, the Global Fleet Card Company,
announced today the appointment of former Shell executive Andrew Blazye to the newly created
position of Europe CEO. In this role, Blazye will lead FleetCor’s European operations, and
will further develop FleetCor’s European fuel card footprint.
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ATLANTA, Georgia –
FleetCor, The Global Fleet Card Company, announced today
that it has successfully completed a re-financing of its existing credit facility
with a new $350 million credit facility arranged by JP Morgan Chase Bank. The
new credit facilities are comprised of a $300 million Term Loan B facility and a
$50 million revolving credit facility. In conjunction with the new credit facility,
the Company also re-priced the facilities to reflect improved ratings from both
Moody’s and S&P.
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San Mateo, California –
San Mateo, California – Commercial Fueling Network (CFN) announced today the appointment
of Eric Lind as its new President, signaling a drive to enhance client satisfaction
and reinforce the spirit of its longtime participant group.
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Atlanta, Georgia –
FleetCor, the Global Fleet Card Company,
announced today that it has acquired The Fuel Card Company UK from
Jonathan Turner, Founder and CEO.
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Atlanta, Georgia –
FleetCor, the Global Fleet Card Company,
announced today that it has acquired CCS, the market leading fuel card operator
in the Czech Republic. FleetCor acquired CCS from Advent International, a
global private equity firm, in a cash and stock transaction. Advent
International will join FleetCor's institutional investor group and take a seat
on FleetCor's Board of Directors.
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Atlanta, Georgia –
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.
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Atlanta, Georgia –
FleetCor, a market leader in fleet card
processing services announced the addition of two former Citi Cards executives
to its management team today, with the appointments of John Hunter as Chief
Operations Officer, and John Jelinek as Chief Credit Officer
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Atlanta, Georgia –
FleetCor, a leading provider of commercial fleet card issuing and processing
services, appointed Benton Routh as President of FleetSource, a new company
division dedicated to delivering industry-leading products and services to
independent petroleum marketers.
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