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Pharma Investments, Ventures & Law Weekly

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FleetCor



FleetCor Acquires the Leader in Lodging Management Programs for Business



April 19th, 2009

FleetCor, the Global Fleet Card Company, announced that it has acquired Corporate Lodging Consultants, Inc. (CLC) from Nautic Partners.

CLC, based in Wichita, Kansas, is a leading provider of lodging management programs to businesses. CLC serves more than 10,000 large and small business clients across the U.S. Annually, CLC's clients purchase eight million room nights across CLC's proprietary network of 12,000 U.S. hotels. CLC's clients typically report savings of 25% to 40% off their overall lodging expenses through a combination of hotel rate and administrative savings. In addition, CLC provides emergency lodging services and payment processing services to agencies of...


Source: Pharma Investments, Ventures & Law Weekly (2009-04-19)

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