Comdata retains fuel card and payment
acceptance business serving commercial fleets
ATLANTA, Dec. 2, 2024
/PRNewswire/ -- PDI Technologies, a global leader delivering
powerful solutions and insights that serve as the backbone of the
convenience retail and petroleum wholesale ecosystem, today
announced its acquisition of the Comdata Merchant Solutions
business from Comdata's parent company, Corpay Inc. (NYSE:
CPAY). This includes the Point of Sale (POS) hardware, software,
and systems that enable transactions at the site level for
truck stops and unattended commercial fueling locations.
PDI currently offers a market-tested POS retail
solution internationally, including convenience customer sites
in North America as of Q4 2024.
Designed for its versatility in both retail fuel and convenience,
the all-in-one software platform provides cloud-centric POS,
self-checkout, and foodservice capabilities. The addition of the
Comdata Merchant Solutions assets and technologies to the existing
PDI retail offering expands and strengthens the PDI POS
portfolio.
"For years, the Comdata Merchant Solutions team has dedicated
themselves to serving the POS needs of the attended and unattended
over-the-road trucking industry," said Sid
Gaitonde, President, Enterprise Productivity, PDI
Technologies. "We welcome their team and look forward to delivering
even greater value to customers and the entire industry ecosystem
as we invest in and grow the business here at PDI."
Comdata will retain operations of its truck stop payment
acceptance network, including the fuel cards issued to trucking
companies and the technology that accepts transactions at truck
stop retailers, which were not included in the acquisition. As part
of the deal, PDI will become an approved provider of Comdata
transactions across the PDI POS solutions.
"This is an exciting announcement for the Comdata Merchant
Solutions team and the industry, and we wish the team the best as
they transition to PDI," said Randy
Morgan, President, Comdata. "We know PDI will support and
enhance the POS part of the business, while we remain the card
issuer and merchant acceptance provider moving forward."
"PDI's integration with Comdata Merchant Solutions will allow us
to deliver a more comprehensive and efficient POS solution,
ultimately benefiting both convenience retailers and their
customers," said Brad McGuinness, Senior Vice President and
General Manager, POS Solutions, PDI Technologies. "We see immense
potential in both the exceptional technology and the deeply
knowledgeable people at Comdata Merchant Solutions, and we look
forward to adding them to our growing portfolio and team."
Berenson & Company, LLC served as financial advisor to
PDI in connection with the transaction.
About PDI Technologies
With 40 years of industry leadership, PDI Technologies, Inc.
resides at the intersection of productivity and sales growth,
delivering powerful solutions that serve as the backbone of the
convenience retail and petroleum wholesale ecosystem. By
"Connecting Convenience" across the globe, we empower businesses to
increase productivity, make informed decisions, and engage faster
with their customers. From large-scale ERP and logistics operations
to loyalty programs and cybersecurity, we're simplifying the
industry supply chain for whatever comes next. Today, we serve over
200,000 locations worldwide with solutions like the Fuel
Rewards® program and GasBuddy®, two popular
brands representing more than 30 million users. Visit the PDI
Technologies website.
For more information, contact:
pr@pditechnologies.com
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SOURCE PDI Technologies