Corpay Unveils $2.2 Billion Investment Plan To Acquire AvidXchange

Corpay has announced plans to invest in AvidXchange Holdings, Inc., teaming up with investment partner TPG in a move that would make the company private. The $10.00-per-share cash deal places AvidXchange’s value at roughly $2.2 billion.

As part of the arrangement, Corpay plans to contribute about $500 million, giving it a 33 percent ownership stake. The firm noted that completing the deal still depends on meeting standard conditions, including approvals from shareholders and regulators.

Corpay Aims To Strengthen Long-Term Growth Through Investment In AvidXchange

AvidXchange is known for its accounts payable automation tools, serving businesses in industries like real estate, media, and financial services. Corpay highlighted this strong industry focus and noted that AvidXchange mainly supports lower middle market companies.

With more than 8,500 clients and a broad payment network that includes both virtual cards and ACH+ support, AvidXchange stood out as a strategic match. Corpay sees the company’s steady mix of software and transaction-based revenue as a reliable business model.

One of the attractive features, according to Corpay, is AvidXchange’s ability to operate with low credit exposure and minimal working capital needs. The firm believes this will help drive positive earnings performance within the next fiscal year.

Included in the agreement is a clause that allows for the purchase of the remaining shares in the future. Corpay considers this a flexible option that could support more aggressive expansion and business changes if the timing is right.

Rather than just providing capital, Corpay brings years of experience in the payments industry and a solid reputation for customer service. This background is expected to play a valuable role in shaping the future of the partnership.

Helping navigate the transaction, Goldman Sachs & Co. LLC served as the exclusive financial advisor, while legal advice was provided by Eversheds Sutherland.

Corpay Wants To Enhance Financial Control With Global Payment Tools

Corpay made it clear that any forward-looking statements were based on internal goals and early projections. It acknowledged the risks tied to market shifts, regulatory updates, and the overall success of the deal.

Additional concerns, like economic trends, currency fluctuations, and industry-specific challenges, were also flagged as possible factors that could affect the final results. Because of this, Corpay cautioned that actual performance might differ from what’s currently expected.

To stay transparent, the company reminded stakeholders that it is not obligated to update any predictions unless required by law. For full details, it pointed to its regulatory filings available on the U.S. Securities and Exchange Commission website.

Finally, Corpay described its role in the market as a global provider of commercial payment tools, including expense management, cross-border payments, and accounts payable automation. These services are designed to help businesses improve financial control and reduce fraud.