Corpay Inc. Announces Strategic Acquisition of Alpha Group International

In a significant move to bolster its corporate payments portfolio, American corporate payments giant Corpay Inc. has announced its agreement to acquire British financial services firm Alpha Group International plc. The deal, valued at an enterprise valuation of approximately $2.2 billion (£1.6 billion), marks a pivotal moment in Corpay's expansion strategy.

Why Alpha Group?

Corpay's CEO, Ron Clarke, outlined the rationale behind the acquisition: "We're acquiring Alpha for three compelling reasons." First, Alpha represents a large, highly complementary, and fast-growing corporate payments asset with promising prospects. Second, Alpha stands as a leading provider of alternative bank accounts to European-based investment managers, offering significant potential to expand these relationships into the US and Asia with Corpay's support. "And third, we anticipate the acquisition to be significantly EPS accretive by 2026," Clarke added.

Deal Details and Shareholder Benefits

Under the terms of the agreement, Alpha shareholders are set to receive £42.50 per share, a generous 55% premium over Alpha's undisturbed closing share price on May 1, 2025. The transaction is expected to close in the fourth quarter of 2025, signaling a new chapter for both companies.