FleetCor: Why Acquisition Of FleetCor Could Be The Next Big Thing In Payments

About: FleetCor Technologies, Inc. (FLT)
by: Alexander Veytsman
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Alexander Veytsman
Long/short equity, hedge fund manager

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.

Basic Business:

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