On October 17, 2025, Corpay, Inc. and private‑equity firm TPG announced that they have closed the take‑private transaction for AvidXchange Holdings, Inc. The deal gives Corpay a 34% equity stake in the $450 million revenue AP‑automation and payments solutions provider for an investment of approximately $550 million. The transaction was first disclosed in May 2025 and is now fully executed, completing a key acquisition that expands Corpay’s product portfolio.
AvidXchange is a leading accounts‑payable automation platform that serves a broad base of enterprise customers. By adding AvidXchange to its business, Corpay gains a high‑growth revenue stream and complementary technology that enhances its core corporate payments offering. The acquisition aligns with Corpay’s strategy to deepen its presence in the corporate payments segment and to accelerate growth through strategic add‑on acquisitions.
Corpay’s management indicated that the transaction is expected to be slightly accretive to the fourth quarter of 2025 and accretive to earnings in 2026. The closing of the deal therefore represents a significant milestone that is likely to strengthen Corpay’s financial performance and market position in the coming periods.
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