FleetCor, a global fleet card company, has acquired the UK and Ireland fuel card businesses of Retail Decisions.
FleetCor, a global fleet card company, has acquired the UK and Ireland fuel card businesses of Retail Decisions.
The acquisition includes all of Retail Decisions’ fuel card operations in the UK and Ireland, including its network of UK fuel bunkering outlets.
Andrew Blazye, FleetCor Europe chief executive, says: ‘We are delighted to announce this significant acquisition for FleetCor Europe. It demonstrates FleetCor’s continued commitment to the UK and Ireland, and will provide significant benefits to our customers and partners via a larger acceptance network.’
Carl Clump, chief executive of Retail Decisions, adds: ‘FleetCor is a leader in the UK fuel card market, and will make a logical home for our UK and Ireland commercial fleet card customers, partners, and employees.’
Retail Decisions is majority owned by private equity mid-market specialist Palamon Capital Partners.
The acquisition marks the ninth European acquisition that FleetCor has made since 2006. FleetCor operates in 11 European markets, including the UK, Ireland, Netherlands, Belgium, Luxembourg, Czech Republic, Slovakia, Russia, Poland, Lithuania, and the Ukraine.
FleetCor manages and processes commercial fuel cards, which save businesses money on their fuel purchases while bringing incremental business to fuel merchants. Its card programmes are marketed under a variety of brand names including CCS, CFN, Fuelman, The Fuelcard Company, Keyfuels, Mannatec and PPR. It is privately owned by management and a group of institutional private equity investors including Bain Capital, Summit Partners, Advent International, Advantage Capital, Nautic Partners, HarbourVest Partners, and Performance Equity Management.