Wright Express completes buyout of Australia’s Retail Decisions, fleet and prepaid card co.By AP
Wednesday, September 15, 2010
Wright Express completes buyout of Australian unit
SOUTH PORTLAND, Maine — Wright Express Corp., a payment processor for commercial and government trucking fleets, has completed its buyout of the Australian fleet and prepaid card businesses of Retail Decisions for $318 million.
The all-cash deal was originally announced in late July. The company said in a news release Wednesday the deal with private equity firm Palamon Capital Partners and its co-investors Morgan Stanley Alternative Investment Partners and AlpInvest Partners has closed.
Tags: Australia, Australia And Oceania, Maine, North America, Ownership Changes, South Portland, United States