Corporate Payments Company Compay, Inc. (NYSE: CPAY) announced today with TPG that they have completed the Take-Private transaction for Avidxchange Holdings, Inc., announced in May 2025.
Corpay invested about $ 550 million for a share capital share of 34% in the company.
“We expect the transaction to be slightly offended for the fourth quarter of 2025 and will provide companies’ profits in 2026,” said Ron Clarke, President and CEO of Corpay. “We are excited to work with TPG in this transaction.
“We are excited to start to fully realize the possibilities in Avidxchange,” said John Flynn and Tim Millikin, TPG partners. “Collaboration with Corpay brings additional perspective and insight to the transaction, which we expect will accelerate the performance of Avid.”