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Eversheds fuels FleetCor’s fleet solutions deal

  • United Kingdom

    15-11-2013

    Global law firm Eversheds has advised workforce payment solutions provider FleetCor Technologies on the acquisition of Epyx, a technology solutions provider to the fleet sector, from HgCapital.

    Epyx provides an internet based system and vehicle repair network to fleet operators in the UK. The company services approximately 9000 garages and automates vehicle maintenance and repair needs. The acquisition strengthens FleetCor’s product offering in the fleet sector, enabling the company to expand it’s services from fleet fuelling to fleet maintenance.

    The Eversheds team was led by Partner and head of Diversified Industrials Robin Johnson, and supported by Partners Stephen Rose and Brett Rowland, and Associates Richard Kyle and Charlotte Chambers. The team advised FleetCor on the corporate transaction, as well as competition and IP aspects of the deal.

    Robin said:

    “The industrial sector is seeing cross border growth through strategic acquisitions, as is the case with FleetCor’s acquisition of Epyx. This is acquisition marks a big step towards extending FleetCor’s fleet service provision. We have worked with the company for a number of years, and so it’s a real pleasure to be involved in the next stage of their development.”

    Ali Ashurov, Executive Vice President, Corporate Development at FleetCor, said:

    “Epyx has developed a specialised system to improve the management of fleets; a solution that adds value to our fleet customers. The technical expertise and the sector knowledge of the Eversheds team helped to bring this deal to a seamless completion.”

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