Corpay Invests $550 Million for 34% Stake in AvidXchange, With Option to Acquire Remainder
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Corpay Inc. has invested $550 million to acquire a 34% stake in AvidXchange Holdings, Inc., a provider of AP automation and payment solutions. The investment, made in collaboration with TPG, includes an option to purchase the remaining shares. Corpay anticipates the transaction will be slightly accretive to earnings in Q4 2025 and fully accretive in 2026, aiming to enhance AvidXchange’s revenue and profit growth.
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