Strata Partners is delighted to announce that it acted as the exclusive financial adviser to the shareholders of Roomex Limited (“Roomex”) on its sale to FLEETCOR Technologies, Inc (“FLEETCOR”), a leading global business payments company headquartered in Atlanta, GA, USA and listed on the New York Stock Exchange.
Roomex serves businesses of all sizes by providing a travel and expenses management solution specifically designed for businesses with a large mobile workforce. The acquisition by FLEETCOR will fuel growth into new markets for Roomex, which currently operates in Ireland, the UK and Germany, alongside continued enhancement of its booking and payments solutions and a further extension of its hotel network.
Roomex currently has 600 workforce business customers whose employees have stayed in approximately 50,000 hotels. Roomex was most recently recognised at the Business Travel Awards Europe 2022, being shortlisted in the ‘Accommodation Innovation’ and ‘Payments & Expenses’ categories. The company was backed by venture capital firms Frontline Ventures, Harmony Ventures and Molten Ventures, as well as Claret Capital Partners, Enterprise Ireland and numerous angel investors.