Fleets Can Increase Uptime Paying on Expanded WEX Network
Service Providers Trust WEX to Serve Their Customers
SOUTH PORTLAND, Maine--(BUSINESS WIRE)--Aug. 15, 2018--
Inc. (NYSE: WEX), a leading provider of corporate payment solutions,
today announced Monro, Inc. (NASDAQ: MNRO), the nation’s largest
company-owned and -operated vehicle service chain, now accepts WEX fleet
payment solutions from its customers.
Through this agreement, WEX’s universal fleet card can be used for
payment services at more than 1,100 Monro locations operating under
eight regional brands throughout the Eastern U.S.
Monro’s auto shops and tire stores include Monro Muffler Brake &
Service, Mr. Tire Auto Service Centers, Tread Quarters Discount Tire
Auto Service Centers, AutoTire Car Care Centers, Ken Towery’s Tire &
AutoCare, Tire Warehouse Tires for Less, Tire Barn Warehouse and The
Tire Choice & Total Car Care.
“We are thrilled to embark on this strategic relationship with Monro,
through which we are expanding the number of trusted partners where our
fleet customers can use their WEX Fleet Cards,” WEX Vice President of
Merchant Services Karl Kelley said. “We aspire to revolutionize
corporate payments for our fleet customers and are proud to do this
through an agreement with Monro, a reliable and important service
provider for many of our customers.”
“Fleets across the country rely on WEX’s track record of award-winning
customer service and customized payment solutions, and we look forward
to joining the WEX network through this agreement, which will allow us
to continue to deliver superior maintenance and repair services, quality
replacement parts and name-brand tires at affordable prices to new and
existing customers,” Monro Vice President of Acquisition and Operations
Support Joel Zaleski said.
About Monro, Inc.
Headquartered in Rochester, New York, Monro is a chain of 1,165
Company-operated stores, 98 franchised locations, nine wholesale
locations and three retread facilities providing automotive undercar
repair and tire sales and services. The Company operates in 27 states,
serving the Mid-Atlantic and New England states and portions of the
Great Lakes, Midwest and Southeast. The predecessor to the Company was
founded by Charles J. August in 1957 as a Midas Muffler franchise. In
1966, Monro began to diversify into a full line of undercar repair
services. The Company has experienced significant growth in recent years
through acquisitions and, to a lesser extent, the opening of newly
constructed stores. The Company went public in 1991 and trades on NASDAQ
under the symbol MNRO.
About WEX Inc.
Powered by the belief that complex payment systems can be made simple,
WEX Inc. (NYSE: WEX) is a leading provider of payment processing and
business solutions across a wide spectrum of sectors, including fleet,
travel and healthcare. WEX operates in more than 10 countries and in
more than 20 currencies through more than 3,500 associates around the
world. WEX fleet cards offer 11.5 million vehicles exceptional payment
security and control; purchase volume in its travel and corporate
solutions grew to $30.3 billion in 2017; and the WEX Health financial
technology platform helps 300,000 employers and more than 25 million
consumers better manage healthcare expenses. For more information, visit www.wexinc.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180815005040/en/
Source: WEX Inc.
Don Ross, 800-876-6676, #3372
Rob Gould, 207-523-7429