Corpay, Inc. (NYSE: CPAY) and private‑equity firm TPG announced on October 15, 2025 that they have completed the take‑private transaction for AvidXchange Holdings, Inc., a leading accounts‑payable automation provider. The deal values AvidXchange at approximately $2.2 billion and was executed at $10.00 per share, giving Corpay a 34 % equity stake for an investment of $550 million. The transaction also includes an option for Corpay to purchase the remaining equity, allowing the company to fully acquire the business in the future. The acquisition expands Corpay’s AP automation capabilities, adds a significant revenue stream, and is expected to be accretive to earnings in 2026, positioning the company for accelerated growth in its core corporate payments segment.
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