About the Company
FLEETCOR or Fleetcor Technologies, Inc. is an Atlanta, Georgia based company that offers workforce payment services and products and fuel cards. The company claims to process transactions in more than 100 countries and has a client base of over 800,000 vendors as of 2020. Its clientele profile includes commercial fleets, businesses, petroleum marketer, oil companies and governments in Slovakia, the Netherlands, Germany, America and Belgium.
It provides payment card solutions for lodging, pay cards, travel & entertainment, tolls & parking and fuel. The company also offers four types of business payment solutions, including, A/P automation, purchasing cards, cross-border payments and virtual cards. It offers services under two different segments - International and North American.
Though its predecessor corporation was founded in 1986, Fleetcor was incorporated in 2000. After 3 years, it merged with Commercial Fueling Network and created the leading business for fleet card processing in its respective industry. In 2004, it acquired Mannatec Inc. and formed a partnership with CITGO. The next year it started its relation with BP, which was still maintained as of 2020. It started to make major acquisitions from the beginning of 2006, and its first significant acquisition was KeyFuels, a United Kingdom-based company that processed over 500,000 business fleets. Some other notable acquisitions of this company between 2006-2009 include Abbey Fuelcards, Petrol Plus Region, CSS, Fuelcard Company, Corporate Lodging Consultants and ICP Smart Concepts.
Fleetcor went public and started trading in the New York Stock Market under the ticker symbol “FLT”. It debuted with an Initial public offering (IPO) of $355 million and entered the S&P 500 index on 20th June 2018. Fleetcor Technologies had touched great heights in the past and the FLT share prices can be checked on this page with the last 5 years performance feature. Between 2010 and 2020, it acquired companies like Efectivale, AllStar Business Solutions, CTF, FleetCard, Cardlink, VB Services, Epyx, DB Trans, Travelcard, Nvoicepay, Sole Financial, Travelliance, etc.
Over the years it has been recognised by several awarding authorities and prestigious lists. Some of its notable achievements in 2020 include being enlisted under the Forbes Global Growth Champion list, Forbes World’s Most Innovative Companies list and Fortune 1000 list.;
Organisation | FleetCor Technologies Inc |
Industry | Information Technology Services |
HeadQuarters | Atlanta, GA |