Potential buyers of Fleetcor's business could include Visa, MasterCard, or American Express.
Fleetcor has a strong recurring revenue model, which strongly differentiates it among other co-branded companies.
Valuation is not cheap, but we believe that longer term a potential deal could be highly synergistic.
Fleetcor is a global provider of workforce payment products, offering fuel card payment solutions in both North American and international markets. Fleetcor also offers lodging, corporate payment, toll products, and gift cards, among