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Transformative transaction more than doubles operations in high-growth Florida.
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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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Reading Truck will now have 22 locations in the U.S. after the acquisition from W.W. Williams Company.
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