WEX, Inc.

WEX, Inc.

WEX, Inc.

Overview
Date Founded

1999

Headquarters

225 Gorham Road,South Portland, ME 04106

Type of Company

Public

Employees (Worldwide)

3,700

Industries

Retail & Commercial Banking
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

Chief Executive Officer

Chief Financial Officer & Chief Accounting Officer

Chief Portfolio Risk & Operations Officer

Senior Vice President & Chief Technology Officer

Chief Corporate Development Officer

Chief Legal Officer

Chief Human Resources Officer

President, Health

President, Global Fleet

President, Corporate Payments

Board of Directors

Former President & Chief Executive Officer at WEX, Inc.

Lead Independent Vice Chairman of the Board at WEX, Inc.

Managing Director & Partner at Warburg Pincus LLC

Chief Executive Officer at WEX, Inc.

Director of Strategy at International Business Machines Corporation

Former President, American Express Open at American Express Co.

Former Partner at PricewaterhouseCoopers LLP

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

Operating Partner at Highland Consumer Fund

Former Director at Insulet Corp.

Paths to WEX, 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 fundamental analysis is the primary basis for their investment decision making process. Atlanta Capital invests principally in traditional equity (common stocks and equivalents) and debt securities. The firm seeks to achieve above-average long-term risk adjusted returns through emphasis on high quality equity or debt instruments they believe 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). Atlanta Capital operates with three distinct investment teams, Growth Equity, Core Equity and Fixed Income, each leveraging a central investment philosophy.

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LWC is long-term investors with a focus toward publicly traded equities; however, an attempt is made to tailor portfolios to individual situations and client needs, so other types of investments are considered. In some instances, they utilize mutual funds instead of individual stocks with the objective of buying and holding these investments over long periods of time. The firm also utilizes bonds or bond mutual funds for the production of greater income or to control the volatility of a portfolio. LWC manages portfolios of high quality growth stocks. They believe that having low turnover is a more efficient way to produce after tax returns for taxable accounts.

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Frontier is an investment manager specializing in growth and value equity portfolios for institutions. Their primary focus is their internally generated fundamental research. Through in-depth \"bottom up\" analysis, the firm identifies companies that they believe have the potential to show above average returns for their clients' portfolios. Their team of investment professionals provides a wide range of industry coverage and individual company analysis. Growth and value are the two distinct approaches Frontier uses in the construction of equity portfolios. Their strategies include Small Cap Growth, Capital Appreciation, Mid Cap Growth, All Cap Research, SMID Cap Research, Small Cap Value and Mid Cap Value. The firm's investment philosophy for their strategies is based on the belief that active, fundamental research adds value to the investment process. Frontier's investment process is collaborative where their investment professionals generate new investment ideas as well as perform due diligence on stocks owned in the portfolios. They identify new investment opportunities from a range of sources, conduct regular meetings to debate new ideas and discuss the results of research that was conducted.

Recent Transactions
Details Hidden

WEX, Inc. purchases EG Group Ltd. /Fuel Card Bus from Euro Garages Ltd.

Details Hidden

WEX, Inc. purchases Discovery Benefits, Inc.

Details Hidden

Professional Datasolutions, Inc., TA Associates Management, L.P. purchase TelaPoint, Inc. from WEX, Inc.

Insider Transactions
Details Hidden
Transaction Advisors
Legal Advisor

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

Investment Advisor

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

Underwriter

Advised onWEX, Inc. issued Common Stock

Legal Advisor

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

Counsel

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 Chief Information Officer & Senior Vice President at WEX, Inc.

Clients

FedEx Corporation provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $43 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 300,000 team members to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities.

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and All Other. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses. The Global Wealth and Investment Management provides client experience through a network of financial advisors focused on to meet their needs through a full set of investment management, brokerage, banking, and retirement products. The Global Banking segment deals with lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The Global Markets segment includes sales and trading services, as well as research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The All Other segment consists of asset and liability management activities, equity investments, non-core mortgage loans and servicing activities, the net impact of periodic revisions to the mortgage servicing rights (MSR) valuation model for both core and non-core MSRs, other liquidating businesses, residual expense allocations and other. The company was founded by Amadeo Peter Giannini in 1904 is headquartered in Charlotte, NC.

Duke Energy Corp. engages in distribution of natural gas and energy related services. It operates through the following segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment conducts operations primarily through the regulated public utilities of Duke Energy Carolinas, Duke Energy Progress, Duke Energy Florida, Duke Energy Indiana and Duke Energy Ohio. The Gas Utilities and Infrastructure segment focuses on natural gas operations primarily through the regulated public utilities of Piedmont and Duke Energy Ohio. The Commercial Renewables segment acquires, develops, builds, operates, and owns wind and solar renewable generation throughout the continental United States. The company was founded in 1904 and is headquartered in Charlotte, NC.

Key Stats and Financials As of 2018
Market Capitalization
$9.04B
Total Enterprise Value
$7.91B
Earnings Per Share
$3.86
Revenue
$1.49B
Net Profit
$168M
EBITDA
$586M
EBITDAMargin
39.28%
Total Debt
$2.35B
Total Equity
$1.8B
Enterprise Value Sales
5.3x
Enterprise Value EBITDAOperating
13.49x
TEVNet Income
46.99x
Debt TEV
0.3x
Three Year Compounded Annual Growth Rate Of Revenue
20.43%
Five Year Compounded Annual Growth Rate Of Revenue
15.78%
Investments
Details Hidden

Unik SA 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.

Suppliers
Visa, Inc. Consumer Finance | Foster City, CA

Visa, Inc. engages in the provision of payment services. It also facilitates global commerce through the transfer of value and information among global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit card, credit card, prepaid products, commercial payment solutions, and global ATM. The company was founded by Dee Hock in 1970 and is headquartered in San Francisco, CA.

Dun & Bradstreet Corp. Holding Companies | SHORT HILLS, NJ

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. Retail & Commercial Banking | 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

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