WEX Inc., a leading global provider of corporate payment solutions, today announced that it has signed a new agreement with Enterprise Fleet Management in Canada. The partnership supports Enterprise’s growth in the Canadian market through WEX’s Canadian fleet capabilities.
WEX and Enterprise Fleet Management have been working together since 1993 in the United States. Leveraging the Canadian fueling locations now available through WEX’s acquisition of EFS, the expanded partnership will deliver WEX products to Enterprise Fleet Management customers throughout Canada as well.
“WEX is a global company servicing markets throughout the world. We are looking forward to this new chapter in our partnership with Enterprise and the opportunity for us to expand our presence in Canada,” said Melissa Smith, president and CEO of WEX, Inc. “WEX and Enterprise have a long, successful history together, and we’re certain that working in tandem to bring our offering to Canada will prove beneficial to everyone involved.”
“We’re thrilled to extend our 24-year partnership with WEX into the Canadian market,” said Brice Adamson, Senior Vice President of Enterprise Fleet Management. “We have a great history of working collaboratively with WEX, and we are confident we will see continued success through this expanded agreement.”
WEX Inc. (NYSE: WEX) is a leading provider of corporate payment solutions. From its roots in fleet card payments beginning in 1983, WEX has expanded the scope of its business into a multi-channel provider of corporate payment solutions representing approximately 10 million vehicles and offering exceptional payment security and control across a wide spectrum of business sectors. WEX serves a global set of customers and partners through its operations around the world, with offices in the United States, Australia, New Zealand, Brazil, the United Kingdom, Italy, France, Germany, Norway and Singapore. WEX and its subsidiaries employ more than 2,500 associates. The company has been publicly traded since 2005, and is listed on the New York Stock Exchange under the ticker symbol “WEX.”
WEX acquired the EFS fleet business in July of 2016.
Owned by the Taylor family of St. Louis, Enterprise Fleet Management supplies most makes and models of cars, light- and medium-duty trucks and service vehicles across North America. The business provides full-service management for companies, government agencies and organizations operating medium-sized fleets of 20 or more vehicles, as well as those seeking an alternative to employee reimbursement programs. Enterprise Fleet Management operates a network of more than 50 fully-staffed offices, which manages more than 430,000 vehicles in the U.S. and Canada. The company also has been recognized with the Automotive Service Excellence “Blue Seal of Excellence” award for 20 consecutive years, an industry record.
Enterprise Fleet Management and its affiliate, Enterprise Holdings, together offer a total transportation solution. Through an integrated global network of independent regional subsidiaries and franchises, Enterprise Holdings operates more than 9,600 fully staffed neighborhood and airport branch offices worldwide. Combined, these businesses, which include car rental and car-sharing services, truck rental, corporate fleet management and retail car sales, accounted for more than $20.9 billion in revenue and operated nearly 1.9 million vehicles throughout the world in fiscal year 2016.