WEX, Inc.

WEX, Inc.

WEX, Inc.

Overview
Date Founded

1999

Headquarters

225 Gorham Road,South Portland, ME 04106

Type of Company

Public

Employees (Worldwide)

5,300

Industries

Retail & Commercial Banking
Other Business & Consulting Services
Accounting & Financial Services
IT Consulting & Services

Company Description

WEX Inc. gives you precise financial and information management solutions to help your company strengthen its balance sheet and achieve unparalleled control and security. Since 1983, WEX has been a fleet card pioneer, steadily building a proprietary U.S. network that has earned site acceptance at over 90 percent of the nation's retail fuel locations and over 45,000 vehicle maintenance locations. This extensive network has earned the trust of commercial and government fleets, which use our charge cards for their over 4.5 million vehicles to purchase fuel and maintenance services. One foundation of WEX’s marketplace leadership is our proprietary software, which lets fleets control purchases in the field, and gives them comprehensive information and analysis tools to effectively manage their operations and reduce costs. WEX today provides category-leading fleet, corporate and prepaid payment solutions across a wide spectrum of business sectors around the globe. Our portfolio of business encompasses a MasterCard-branded corporate card; TelaPoint, a provider of supply chain software solutions for petroleum distributors and retailers; Pacific Pride, an independent fuel distributor franchisee network; and international subsidiaries. Through the efforts of more than 1,350 associates around the world, WEX will continue to provide its clients with unparalleled services and precise solutions to help them pursue ambitious goals and improve business efficiency

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Executives & Employees

Chairman of the Board, President & Chief Executive Officer

Chief Financial Officer

Senior Vice President & Chief Technology Officer

Chief Risk & Compliance Officer

Secretary & Chief Legal Officer

Chief Human Resources Officer

President, Global Fleet

President, Corporate Payments

President, Health

Senior Vice President, Global Investor Relations

Board of Directors

Chairman of the Board, President & Chief Executive Officer at WEX, Inc.

Chief Compliance Officer at Porchlight Equity Management LLC

Managing Director & Partner at Warburg Pincus LLC

Limited Partner at Lead Edge Capital Management LLC

Executive Partner at Bridge Growth Partners LLC

Special Advisor at Brighton Park Capital LLC

Senior Lecturer, Entrepreneurial Management Unit at Harvard University - Harvard Business School

Former Chief Investment Officer at Trammell Crow Co. LLC

Former Partner at PricewaterhouseCoopers LLP

Former Chief Financial Officer & Vice President at Netegrity, Inc.

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WEX, Inc.
Owners & Shareholders
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Atlanta Capital offers investment advisory services in a variety of equity, fixed income and mixed-asset strategies. In-depth bottom-up fundamental analysis is the primary basis for their investment decision making process. The firm seeks to achieve above-average long-term risk adjusted returns through emphasis on high quality equity or debt instruments judged by Atlanta Capital to have unrecognized value or investment potential. For equities, high quality is generally measured by a company’s demonstrated history of consistent growth and stability in earnings. For debt instruments, high quality typically relates to the probability of repayment (credit risk) and the predictability of when principal repayment will occur (stability of cash flow).

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PCM seeks to maximize after-tax capital appreciation by assuming high levels of risk in an aggressively managed portfolio of securities. There are no restrictions on the type of instruments in which they may invest, although PCM invests primarily in publicly traded equity securities, as well as options, warrants, and swaps related to equity securities. The firm makes investment decisions on the basis of fundamental security analysis which is premised on research into the capital structure, financial statements and management of a company. Portfolio managers conduct such research by reference to, among other things, regulatory filings by issuers, data provided by regulatory agencies, discussions and meetings with executives and industry experts, periodicals and on-line news sources, third-party research and independent data providers. After the research, portfolio managers will form the basis for investment decisions through the judgments about the financial strength, valuation and outlook of a company.

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AIM is an active, benchmark-aware manager which seeks to outperform the market and produce long-term returns. Fund managers makes independent decisions and pick stocks which seeks sectors and companies that are going through change and that have the potential to be re-assessed by the market. The firm’s fund managers utilize internal and external rese arch which aims to identify undervalued stocks.

Recent Transactions
Details Hidden

WEX, Inc. purchases Benefit Express Services LLC

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WEX, Inc. purchases eNett International Pty. Ltd. from Travelport Worldwide Ltd.

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WEX, Inc. purchases Optal Ltd.

Insider Transactions
Details Hidden
Transaction Advisors
Legal Advisor

Advised onWEX, Inc. purchases Discovery Benefits LLC

Investment Advisor

Advised onWEX, Inc. purchases Discovery Benefits LLC

Escrow Agent

Advised onWEX, Inc. purchases eNett International Pty. Ltd. from Travelport Worldwide Ltd.

Legal Advisor

Advised onWEX, Inc. purchases Benefit Express Services LLC

Legal Advisor

Advised onWEX, Inc. purchases Wex Health, Inc. from Genstar Capital Management LLC

Legal Advisor

Advised onWEX, Inc. purchases Wex Health, Inc. from Genstar Capital Management LLC

Advisors & Consultants
Legal Advisor

Chair, Corporate Practice Group at Wilmer Cutler Pickering Hale and Dorr LLP

Legal Advisor

Partner at Covington & Burling LLP

Advisor

Former Director, Networks & Open Systems at Unum Group

Clients

American Airlines Group, Inc. is a holding company, which engages in the operation of a network carrier through its principal wholly-owned mainline operating subsidiary, American. The firm offers air transportation for passengers and cargo. It operates through the following geographical segments: Department of Transportation Domestic; Department of Transportation Latin America; Department of Transportation Atlantic; and Department of Transportation Pacific. The company was founded on December 9, 2013 and is headquartered in Fort Worth, TX.

Cigna Corp. is a global health service company, which is dedicated to improving the health, well-being and peace of mind. Its products and services include an integrated suite of health services such as medical, dental, behavioral health, pharmacy, vision, supplemental benefits and other related products including group life, accident and disability insurance.

Truist Financial Corp. operates as a financial holding company, which engages in the provision of banking services to individuals, businesses and municipalities. The firm offers a variety of loans and lease financing to individuals and entities, including insurance premium financing, permanent commercial real estate financing arrangements, loan servicing for third-party investors, direct consumer finance loans to individuals, credit card lending, automobile financing and equipment financing. It also markets a range of other services, including deposits, life insurance, property and casualty insurance, health Truist Financial Corp. operates as a financial holding company. It engages in the provision of banking services to individuals, businesses and municipalities. The company operates through the following segments: Consumer Banking and Wealth; Corporate and Commercial Banking; and Insurance Holdings. The firm offers a variety of loans and lease financing to individuals and entities, including insurance premium financing, permanent commercial real estate financing arrangements, loan servicing for third-party investors, direct consumer finance loans to individuals, credit card lending, automobile financing and equipment financing. It also markets a range of other services, including deposits, life insurance, property and casualty insurance, health insurance and commercial general liability insurance on an agency basis and through a wholesale insurance brokerage operation, merchant services, trust and retirement services, comprehensive wealth advisory services, asset management and capital markets services. The company was founded on December 6, 2019 and is headquartered in Charlotte, NC. insurance and commercial general liability insurance on an agency basis and through a wholesale insurance brokerage operation, merchant services, trust and retirement services, comprehensive wealth advisory services, asset management and capital markets services. The company was founded on December 6, 2019 and is headquartered in Charlotte, NC.

Key Stats and Financials As of 2020
Market Capitalization
$8.99B
Total Enterprise Value
$10.9B
Earnings Per Share
$-5.56
Revenue
$1.56B
Enterprise Value / Sales
6.96x
Enterprise Value EBITDAOperating
24.83x
TEVNet Income
-44.53x
Debt TEV
0.29x
EBITDAMargin
27.76%
EBITDA
$433M
Total Debt
$3.13B
Total Equity
$2.04B
Net Profit
$-244M
Three Year Compounded Annual Growth Rate Of Revenue
7.65%
Non-Profit Donations & Grants
Investments
Details Hidden

WEX Brasil Serviços de Tecnologia Ltda. engages in the development and provision of salary payment and freight cards. Its solutions include salary payment for corporations and freight cards to make electronic purchases through a network of partner establishments, which include supermarkets, gas stations, department stores, and restaurants. The company was founded on October 20, 2006 and is headquartered in Sao Paulo, Brazil.

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Dun & Bradstreet D&B (NYSE:DNB) is the world's leading source of commercial information and insight on businesses, enabling companies to Decide with Confidence for more than 170 years. Today, D&B's global commercial database contains more than 200 million business records. Enhanced by D&B's proprietary DUNSRight ™Quality Process, the D&B database provides our customers with unparalleled quality business information -- the foundation of our global solutions that customers rely on to make critical business decisions. D&B provides solutions that meet a diverse set of global customer needs. Customers use D&B Risk Management Solutions™ to mitigate credit and supplier risk, increase cash flow and drive increased profitability; D&B Sales & Marketing Solutions™ to increase revenue from new and existing customers; and to convert prospects into clients faster by enabling business professionals to research companies, executives and industries

The Bancorp Inc. Accounting & Financial Services | Wilmington, DE

The Bancorp, Inc. (NASDAQ NM: TBBK) is a financial holding company with a wholly owned subsidiary, The Bancorp Bank. The Bancorp Bank is an FDIC-insured branchless commercial bank that delivers a full array of financial services and products both directly and through more than 300 private-label affinity partner programs nationwide. Our regional community bank division serves the needs of small and mid-size businesses and their principals in the Philadelphia-Wilmington region. When it was introduced in 2000, The Bancorp Bank’s ability to create customized banks for affinity partners set a new standard in financial services innovation. Today, Bancorp remains a leader as one of the few banks in the country dedicated to providing private-label banking and technology solutions for non-bank companies. Bancorp’s private-label program focuses on four main business segments – healthcare, merchant processing, prepaid and wealth management. The “branchless banking” programs enable members, employees and customers of affinity partners to access online banking services, customized for them, under the affinity partner’s brand. The Bancorp Bank is headquartered in Wilmington, Delaware, with offices in Philadelphia, PA; King of Prussia, PA; Chicago, IL; Crofton, MD; Minneapolis, MN; Orlando, FL; Sioux Falls, SD; Sofia, Bulgaria; Newcastle upon Tyne, UK and Gibraltar. Total assets of The Bancorp Bank, as of December 31, 2011, are $3.0 billion

ATMA Participações SA Other Business & Consulting Services | São Paulo, Brazil

ATMA Participações SA offers customer relationship management and business process outsourcing services. The company operates through the following business segments: Contact Center & BPO, Technology & Information, and Trade Marketing. The Contact Center & BPO segment includes customer relationship, relationship through social media, collection, and life cycle management. The Technology & Information segment covers software development, management of information technology and communications environment, and integration and resale of IT solutions and customer relationship management. The Trade Marketing segment consists of on-site, training, promotional and incentive marketing, and sales services. The company was founded by Francis James Leahy Meaney on July 31, 2000 and is headquartered in Sao Paulo, Brazil.

Awards & Honors
Rank #20
2012
Forbes Magazine - 50 Best Small Companies 2012
Sponsored by Forbes Media LLC
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