Summary
This Form 8-K/A filing by FleetCor Technologies, Inc. (now CORPAY, INC.) serves as an amendment to a prior 8-K filed on December 13, 2011, primarily to provide the necessary audited historical financial statements for the acquired entity, Allstar Business Solutions Limited ("Allstar"). The acquisition, which closed on December 13, 2011, represented a significant strategic move for FleetCor, with a final purchase price of £200 million (approximately $312 million), including the repayment of Allstar's debt at closing. Investors should note that this filing is crucial for understanding the financial impact of the Allstar acquisition. It includes the audited financial statements of Allstar for the year ended December 31, 2010, and unaudited financials for the nine months ended September 30, 2011. Additionally, pro forma condensed combined financial information is provided to illustrate the combined financial position and results of operations of FleetCor and Allstar as if the acquisition had occurred at an earlier date. This provides a more complete picture for assessing the value and strategic rationale behind the transaction.
Key Highlights
- 1FleetCor Technologies, Inc. (now CORPAY, INC.) filed an amended 8-K to provide audited financial statements for its acquisition of Allstar Business Solutions Limited.
- 2The acquisition of Allstar was completed on December 13, 2011.
- 3The total purchase price for Allstar was £200 million, approximately $312 million, including debt repayment.
- 4Audited financial statements for Allstar as of and for the year ended December 31, 2010, are included as Exhibit 99.2.
- 5Unaudited financial statements for Allstar for the nine months ended September 30, 2011, are included as Exhibit 99.3.
- 6Unaudited pro forma condensed combined financial statements, reflecting the acquisition's impact, are provided as Exhibit 99.4.
- 7The filing includes the consent of Allstar's independent auditor, Mazars LLP.