Eversheds Sutherland Advises FLEETCOR in Acquisition of Main Lodging Options Supplier, ALE Options, Inc.

Eversheds Sutherland is happy to announce that the agency represented FLEETCOR Applied sciences, Inc., a number one world enterprise funds firm, within the definitive settlement to accumulate ALE Options, Inc. (ALE), a number one supplier of lodging options to the insurance coverage trade. By buying ALE, FLEETCOR extends its lodging enterprise into the insurance coverage vertical. The transaction is anticipated to shut within the third quarter of 2021, topic to regulatory approval and customary closing circumstances.

Based in 2001, ALE manages the lodging wants of policyholders displaced from their properties as a consequence of harm or disaster on behalf of property insurance coverage carriers. The acquisition additional extends FLEETCOR’s specialised lodging options into the insurance coverage vertical past its present workforce and airline verticals. FLEETCOR expects a rise of roughly 5 million room nights per 12 months and the addition of tens of 1000’s of long-term housing leases upon completion of the ALE acquisition.

Eversheds Sutherland Associate David S. Phillips led the transaction with help from Companions Brian M. Murphy, Michael A. Hepburn, Rob Plowden, Jeremy D. Spier; Associates Kyle Brown, Joseph A. Bennett, Alexander F.L. Sand; Workers Legal professional Bonnie R. Burke; and Of Counsel Reggie J. Clark

About Eversheds Sutherland’s Company Follow

With greater than 700 attorneys worldwide, Eversheds Sutherland’s world mergers and acquisitions crew offers pragmatic recommendation and complete help that permits purchasers to guage, construction and full transactions throughout a broad spectrum of industries.

The crew combines a long time of expertise with in-depth information of native and cross-border practices. Wherever the transaction is led from, we offer a seamless and built-in worldwide service.

Our attorneys are effectively versed within the distinctive necessities of mergers, tender gives, inventory and asset acquisitions, company restructurings, spin-offs, recapitalizations and different deal constructions. We negotiate and set up alliances, joint ventures and different partnering relationships. As well as, we develop modern approaches to implement different tailor-made business relationships.

Our world M&A crew advises purchasers throughout a broad vary of sectors together with monetary companies, insurance coverage, fee methods, expertise, communications, power, industrials, client merchandise, skilled companies, well being care and e-commerce. We perceive regulatory frameworks and the impression on transactions of the important thing points that have an effect on what you are promoting. This in-depth sector information permits us so as to add actual worth to the M&A course of.

About Eversheds Sutherland

As a world high 10 regulation apply, Eversheds Sutherland offers authorized companies to a world shopper base starting from small and mid-sized companies to the biggest multinationals, appearing for 70 of the Fortune 100, 61 of the FTSE 100 and 128 of the Fortune 200.

With greater than 3,000 attorneys, Eversheds Sutherland operates in 74 workplaces in 35 jurisdictions throughout Africa, Asia, Europe, the Center East and the US. As well as, a community of greater than 200 associated regulation corporations, together with formalized alliances in Latin America, Asia Pacific and Africa, present help across the globe.

Eversheds Sutherland offers the complete vary of authorized companies, together with company and M&A; dispute decision and litigation; power and infrastructure; finance; human capital and labor regulation; mental property; actual property and development; and tax. 

Eversheds Sutherland is a world authorized apply and contains two separate authorized entities: Eversheds Sutherland (Worldwide) LLP (headquartered within the UK) and Eversheds Sutherland (US) LLP (headquartered within the US), and their respective managed, managed, affiliated and member corporations. Using the title Eversheds Sutherland is for description functions solely and doesn’t indicate that the member corporations or their managed, managed or affiliated entities are in a partnership or are a part of a world LLP. For extra data, go to eversheds-sutherland.com.

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