Corpay and TPG close AvidXchange Acquisition

Core Insights - Corpay, Inc. has completed a take-private transaction for AvidXchange Holdings, Inc. in partnership with TPG, initially announced on May 6, 2025 [1] - Corpay invested approximately $550 million for a 34% equity stake in AvidXchange [1] - The transaction is expected to be slightly accretive to Corpay's earnings in the fourth quarter of 2025 and accretive in 2026 [1]