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AvidXchange to be Acquired by TPG in Partnership with Corpay
May 07, 2025•about 1 year ago
Contract Type
partnership
CharlotteSoftware
Description
AvidXchange Holdings, Inc. has entered into a definitive agreement to be acquired by TPG in partnership with Corpay. The acquisition involves TPG and Corpay acquiring a majority and minority interest respectively in AvidXchange for $10.00 per share in a cash transaction, valuing AvidXchange at $2.2 billion.
Company Information
Company
AvidXchange
Location
Charlotte, North Carolina, United States
About
AvidXchange is a leading provider of accounts payable automation software and payment solutions. The company serves over 8,500 middle market businesses, offering tools that enhance efficiency and control over AP processes. AvidXchange has established itself as a distinct leader in the AP automation industry. It focuses on providing integrated payment solutions to help clients streamline operations.
CharlotteSoftware