PR Newswire
MCLEAN, Va., May 8, 2024 /PRNewswire/ -- Aldrich Capital Partners (ACP), a McLean-based growth equity firm, today announced the signing of definitive agreement for the sale of its portfolio company Paymerang to Corpay (NYSE: CPAY). Paymerang, a leader in payment automation solutions, joins Corpay, enhancing its offerings in the B2B payments sector across the education, healthcare, hospitality, and manufacturing industries.
Mirza Baig, Managing Partner at ACP, commented on the sale, "We are immensely proud of the Paymerang team and their accomplishments. Their dedication to innovation and client service has set a gold standard in the payments industry. We look forward to seeing their continued success in Richmond, VA under Corpay's ownership."
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