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SALT LAKE CITY, June 19, 2024 (GLOBE NEWSWIRE) — GPS Capital Markets, LLC, a number one fintech agency providing company overseas trade companies, introduced coming into right into a definitive settlement to be acquired by Corpay, Inc. (NYSE: CPAY), a number one company funds firm.
This acquisition will convey great advantages to GPS Capital Markets shoppers, together with enhanced supply channels and expanded entry to FX companies throughout international markets.
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“At GPS our shoppers are on the coronary heart of all the pieces we do. With Corpay‘s sources and our crew’s experience, we’re poised to supply even better worth and drive transformative outcomes within the monetary markets. The mixed capabilities of our two corporations will considerably profit our shoppers and our staff,” says Brandon Parke, President and CEO of GPS Capital Markets.
By combining the strengths of GPS Capital Markets and Corpay, we’re uniquely positioned to ship unparalleled worth out there.
“GPS is our third largest deal ever. We’re fairly enthusiastic about GPS’s belongings together with a bluechip roster of shoppers, a crew of terrific FX specialists, and a market-leading FX netting know-how,” mentioned Ron Clarke, Chairman and CEO of Corpay, Inc.
The transaction is anticipated to shut in early 2025 topic to acquiring required regulatory approvals and different customary closing situations.
For extra particulars on the GPS Capital Markets acquisition go to: https://bit.ly/3XtlU32
ABOUT CORPAY:
About Corpay (NYSE: CPAY) is a worldwide S&P 500 company funds firm that helps companies and customers handle and pay bills in a easy, managed method. Corpay’s suite of contemporary cost options assist its clients higher handle vehicle-related bills (e.g. fueling and parking), journey bills (e.g. lodge bookings) and accounts payable (e.g. paying distributors). This leads to clients saving time and in the end spending much less. To study extra go to www.corpay.com.
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ABOUT GPS CAPITAL MARKETS, LLC:
Headquartered in Salt Lake Metropolis, Utah, GPS Capital Markets, LLC supplies company overseas trade companies that assist corporations handle their overseas forex danger and execute overseas forex transactions. Based in 2002, GPS brings collectively a senior administration crew wealthy in worldwide banking expertise from the world’s main monetary establishments. GPS has a number of workplaces all through the US, in addition to in Australia, Canada, the European Union and the UK. It combines aggressive trade charges with a bunch of tailor-made worldwide monetary options for its shoppers. For extra info, go to www.gpsfx.com.
Press contact:
GPS Capital Markets
Lindsey Wing
801-979-6114
lwing@gpsfx.com
A photograph accompanying this announcement is accessible at https://www.globenewswire.com/NewsRoom/AttachmentNg/4ca9bb9a-52c4-4cc3-9630-a62ba49a2cac
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