Reported Wednesday, Corpay Signs Definitive Agreement To Acquire GPS Capital Markets, Eyeing $2B Revenue By 2026
Portfolio Pulse from Benzinga Newsdesk
Corpay has signed a definitive agreement to acquire GPS Capital Markets, aiming for $2 billion in revenue by 2026. The transaction is expected to close in early 2025, subject to regulatory approval and standard closing conditions. The acquisition is expected to be accretive to revenue and EPS growth in 2025. The company also reiterated its Q2'24 outlook.
June 20, 2024 | 5:46 am
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Corpay has signed a definitive agreement to acquire GPS Capital Markets, with the transaction expected to close in early 2025. The acquisition is projected to be accretive to revenue and EPS growth in 2025. The company also reiterated its Q2'24 outlook.
The acquisition of GPS Capital Markets is a significant move for Corpay, expected to enhance its revenue and EPS growth starting in 2025. The reiteration of the Q2'24 outlook provides additional confidence in the company's near-term performance.
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