M&A Deal Summary

CAVU HCM Acquires Business Services Group - Payroll Clients

On December 2, 2022, CAVU HCM acquired business services company Business Services Group - Payroll Clients from Business Services Group

Acquisition Highlights
  • This is CAVU HCM’s 1st transaction in the Business Services sector.
  • This is CAVU HCM’s 2nd transaction in the United States.
  • This is CAVU HCM’s 1st transaction in West Virginia.

M&A Deal Summary
Date 2022-12-02
Target Business Services Group - Payroll Clients
Sector Business Services
Buyer(s) CAVU HCM
Sellers(s) Business Services Group
Deal Type Divestiture

Target

Business Services Group - Payroll Clients

Bruceton Mills, West Virginia, United States
Business Services Group's Payroll Clients provides payroll solutions to West Virginia and Pennsylvania.

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Buyer(S) 1

Buyer

CAVU HCM

Peoria, Illinois, United States
Category Company
Founded 2019
Sector Staffing
DESCRIPTION

CAVU HCM is an emerging provider of Payroll, Payroll Tax, Applicant Tracking & Onboarding, Time & Attendance, Employee & Manager Self-Service, ACA Compliance, Mobile Apps, Workers’ Compensation, Payroll Debit Cards, and many other Human Capital Management tools. CAVU HCM was founded in 2019 and is based in Peoria, Illinois.

DEAL STATS #
Overall 2 of 4
Sector (Business Services) 1 of 3
Type (Divestiture) 1 of 1
State (West Virginia) 1 of 1
Country (United States) 2 of 4
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-20 Silver State Payroll

Las Vegas, Nevada, United States

Silver State Payroll processes payroll for clients located throughout the west coast focusing on exceptional personal service. Silver State Payroll is based in Las Vegas, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-02 Pay Team

Atlanta, Georgia, United States

Pay Team provides payroll services, based in Atlanta, Georgia.

Buy -

Seller(S) 1

SELLER

Business Services Group

Bruceton Mills, West Virginia, United States
Category Company
Founded 1999
Sector Business Services
DESCRIPTION

Business Services Group is catering to the accounting and consulting needs of small businesses in West Virginia, Pennsylvania, Ohio, and Maryland. Business Services Group was founded in 1999 and is based in Bruceton Mills, West Virginia.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (West Virginia) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
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