Corpay completes sale of UK vehicle maintenance business to OEConnection

CPAY•2026-11-04

Corpay completed the sale of its UK vehicle maintenance business to OEConnection, a Francisco Partners portfolio company. The sale is expected to be neutral to 2026 cash EPS, with share repurchases offsetting the business’s earnings contribution.

1. Sale completed

Corpay said the divestiture is its second Vehicle Payments business sale this year and advances its shift toward Corporate Payments, concentrating resources on fewer, larger businesses. The transaction’s impact is included in updated guidance provided with third-quarter earnings.

Corpay completes sale of UK vehicle maintenance business to OEConnection

1. Sale completed

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