Now, in addition, AllStar has a number of very attractive assets. It has got very satisfied customers with single digit attrition rates. It has an established well regarded brand name. It has a fixed fee revenue model. Such that revenues are stable and predictable. It enjoys excellent long standing relationships with its major brand and fuel merchants and it has a great group of very experienced people. So, all-in-all, a really attractive set of assets.So, now I will move on to talk about the strategic rationale for the deal. Our acquisition strategy is to buy things we know and buy things we can improve. So first off, AllStar does only fuel cards and we know fuel cards. Second, AllStar operates in a market we know and understand and third, we believe that we can help AllStar realize its full potential. For example, we can help grow the business faster by better utilizing the web. Today, the web accounts are approximately 20% of Fleetcor’s new sale but virtually zero of AllStar’s. So clearly some upside there.
Fleetcor Technologies CEO Hosts AllStar Business Solutions Acquisition (Transcript)
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