Corpay Inc. has completed an equity investment in AvidXchange Holdings, Inc., acquiring a 34% stake in the AP automation and payments solutions provider. The investment, made in partnership with TPG, totaled approximately $550 million. Corpay also holds an option to purchase the remainder of AvidXchange. The company expects the transaction to be slightly accretive to earnings in the fourth quarter of 2025 and fully accretive in 2026, with plans to accelerate AvidXchange's revenue and profit growth.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Corpay Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251014818572) on October 15, 2025, and is solely responsible for the information contained therein.