Eversheds Sutherland Advises FLEETCOR in Acquisition of Leading Lodging Solutions Provider, ALE Solutions, Inc.

Eversheds Sutherland is pleased to announce that the firm represented FLEETCOR Technologies, Inc., a leading global business payments company, in the definitive agreement to acquire ALE Solutions, Inc. (ALE), a leading provider of lodging solutions to the insurance industry. By acquiring ALE, FLEETCOR extends its lodging business into the insurance vertical. The transaction is expected to close in the third quarter of 2021, subject to regulatory approval and standard closing conditions.

Founded in 2001, ALE manages the lodging needs of policyholders displaced from their homes due to damage or catastrophe on behalf of property insurance carriers. The acquisition further extends FLEETCOR’s specialized lodging solutions into the insurance vertical beyond its current workforce and airline verticals. FLEETCOR expects an increase of approximately five million room nights per year and the addition of tens of thousands of long-term housing rentals upon completion of the ALE acquisition.

Eversheds Sutherland Partner David S. Phillips led the transaction with assistance from Partners Brian M. Murphy, Michael A. Hepburn, Rob Plowden, Jeremy D. Spier; Associates Kyle Brown, Joseph A. Bennett, Alexander F.L. Sand; Staff Attorney Bonnie R. Burke; and Of Counsel Reggie J. Clark. 

About Eversheds Sutherland’s Corporate Practice
With more than 700 attorneys worldwide, Eversheds Sutherland’s global mergers and acquisitions team provides pragmatic advice and comprehensive support that enables clients to evaluate, structure and complete transactions across a broad spectrum of industries.

The team combines decades of experience with in-depth knowledge of local and cross-border practices. Wherever the transaction is led from, we provide a seamless and integrated worldwide service.

Our attorneys are well versed in the unique requirements of mergers, tender offers, stock and asset acquisitions, corporate restructurings, spin-offs, recapitalizations and other deal structures. We negotiate and establish alliances, joint ventures and other partnering relationships. In addition, we develop innovative approaches to implement other tailored commercial relationships.

Our global M&A team advises clients across a broad range of sectors including financial services, insurance, payment systems, technology, communications, energy, industrials, consumer products, professional services, health care and e-commerce. We understand regulatory frameworks and the impact on transactions of the key issues that affect your business. This in-depth sector knowledge allows us to add real value to the M&A process.

About Eversheds Sutherland
As a global top 10 law practice, Eversheds Sutherland provides legal services to a global client base ranging from small and mid-sized businesses to the largest multinationals, acting for 70 of the Fortune 100, 61 of the FTSE 100 and 128 of the Fortune 200.

With more than 3,000 lawyers, Eversheds Sutherland operates in 74 offices in 35 jurisdictions across Africa, Asia, Europe, the Middle East and the United States. In addition, a network of more than 200 related law firms, including formalized alliances in Latin America, Asia Pacific and Africa, provide support around the globe.

Eversheds Sutherland provides the full range of legal services, including corporate and M&A; dispute resolution and litigation; energy and infrastructure; finance; human capital and labor law; intellectual property; real estate and construction; and tax. 

Eversheds Sutherland is a global legal practice and comprises two separate legal entities: Eversheds Sutherland (International) LLP (headquartered in the UK) and Eversheds Sutherland (US) LLP (headquartered in the US), and their respective controlled, managed, affiliated and member firms. The use of the name Eversheds Sutherland is for description purposes only and does not imply that the member firms or their controlled, managed or affiliated entities are in a partnership or are part of a global LLP. For more information, visit eversheds-sutherland.com.