Corpay Invests $550 Million for 34% Stake in AvidXchange, With Option to Acquire Remainder
Reuters
Oct 15
Corpay Invests $550 Million for 34% Stake in AvidXchange, With Option to Acquire Remainder
Corpay Inc. has completed an equity investment in AvidXchange Holdings, Inc., acquiring a 34% stake in the AP automation and payments solutions provider. The investment, made in partnership with TPG, totaled approximately $550 million. Corpay also holds an option to purchase the remainder of AvidXchange. The company expects the transaction to be slightly accretive to earnings in the fourth quarter of 2025 and fully accretive in 2026, with plans to accelerate AvidXchange's revenue and profit growth.
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