Corpay Completes Sale of Vehicle Maintenance Business
Business Wire•04/11/2026•16:00 ET
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Key Highlights
- ➤Corpay completes sale of UK vehicle maintenance business to OEConnection
- ➤Second Vehicle Payments divestiture this year advances Corpay’s Corporate Payments shift
- ➤2026 Cash EPS outlook remains neutral, with share repurchases offsetting sold earnings
- ➤Transaction impact included in Corpay’s updated 2026 guidance
Expert Statements
Ron Clarke, Chairman and CEO of Corpay
“This is our second Vehicle Payments divestiture this year, and another step in shifting our portfolio toward Corporate Payments.”
Ron Clarke, Chairman and CEO of Corpay
“We’re concentrating our capital and management attention on fewer, bigger businesses.”
Second Vehicle Payments divestiture advances shift toward Corporate Payments
Corpay, Inc. (NYSE: CPAY), the Global Spend Management company, today announced it has completed the sale of its UK-based vehicles maintenance business to OEConnection (OEC), a Francisco Partners portfolio company.
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