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John P. Gavin, CFA, is the founder and CEO of Disclosure Insight®, an independent publisher of investment research. Mr. Gavin has spent his entire career of over 25 years in the financial services industry. Prior to starting “DI” in 2000, he worked as an equity analyst and portfolio manager with... More
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  • FleetCor's Latest Acquisition Bigger Than Total of Deals Done Since 2007 0 comments
    Dec 14, 2011 10:51 AM | about stocks: FLT

    FleetCor Technologies Inc. (NYSE: FLT) spent almost as much money in yesterday's acquisition of AllStar Business Solutions, Ltd. as it has over the course of all its acquisitions in the past 5 years. 

    On 13-Dec-11, FLT ($2.38 bn market cap) announced the consummation of a $304 million purchase of AllStar Business Solutions Ltd.  Since 2007, the company has completed at least 8 acquisitions totaling more than $347 million. Given the context of the past five years, yesterday's single expenditure of $304 million is a lot to digest. Considering most acquisitions fail, investors with an interest in this name will do well to stay especially vigilant going forward.

    Here is a link to the company's press release, detailing the purchase.

    Stocks: FLT
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