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The acquisition increases the total number of Morgan Truck Body locations to 14 manufacturing facilities in North America.
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With the talks which began on Oct. 26 finalized, WEX has acquired Payzer for $250 million, with an additional $11 million contingent consideration based on performance metrics and adjustments.
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The deal further positions Cox Mobility in the fleet maintenance sector and expands its servicing of light, medium, and heavy-duty trucks and trailers.
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The deal is valued at $5.2 billion, and the combined group will have 3.3 million managed fleet vehicles in its worldwide portfolio.
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