UKG - M&A Summary, Ownership, and Business Overview

Internet Software And ServicesCompany

UKG M&A Summary

UKG has acquired 32 companies of its own, including 13 in the last 5 years. A total of 12 acquisitions came from private equity firms. It has also divested 2 assets.

UKG’s largest acquisition to date was in 2006, when it acquired Unicru for $150M. UKG has acquired in 13 different US states, and 7 countries. The Company’s most targeted sectors include software (52%) and internet software and services (24%).

UKG Ownership

Who owns UKG?

UKG is owned by GIC, Hellman & Friedman, JMI Equity, Lead Edge Capital and The Blackstone Group. It was acquired on March 23, 2007.

Is UKG PE-backed?

Yes. UKG is owned by private equity investors GIC, Hellman & Friedman, JMI Equity, Lead Edge Capital and The Blackstone Group.

UKG Business Overview

Where is UKG headquartered?

UKG is headquartered in Lowell, Massachusetts.

What sector is UKG in?

UKG is an internet software and services company.

When was UKG founded?

UKG was founded in 1977.

M&A Summary

  • M&A Total Activity27
    • M&A Buy Activity25
    • M&A Sell Activity2
  • Total Sectors Invested 5
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 17
  • M&A Advisors 2

UKG

UKG, Inc.

900 Chelmsford St,
Lowell, Massachusetts 01851
United States,
(800) 225-1561
www.ukg.com

UKG is a provider of cloud-based workforce management solutions. Company solutions, which include time and labor, scheduling, talent management, human resources, payroll, absence management, labor activity tracking, data collection, self-service and workforce analytics are designed for a wide range of businesses and organizations from single-site to large multi-site enterprises. UKG was founded in 1977 and is based in Lowell, Massachusetts.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.6/yr) # 17 1 2 4 1 - 25
vol $208M $208M
Sell (0.0/yr) # 2 - - - - - 2
  27

Most Recent M&A

Company Date Value Type
Immedis 2023-06-06 - Add-on Acquisition
Dublin, Ireland · www.immedis.com
Quorbit 2022-11-03 - Add-on Acquisition
Oxford, United Kingdom · www.quorbit.co.uk
Ascentis Corp. 2022-03-09 - Add-on Acquisition
Eden Prairie, Minnesota · www.ascentis.com
Interboro LLC 2022-02-28 - Add-on Acquisition
San Juan, Puerto Rico · www.interboropr.com
SpotCues, Inc. 2022-02-24 - Add-on Acquisition
Plano, Texas · www.spotcues.com
Great Place to Work Institute, Inc. 2021-09-01 - Add-on Acquisition
Oakland, California · www.greatplacetowork.com
EverythingBenefits, Inc. 2021-06-01 - Add-on Acquisition
New Providence, New Jersey · www.everythingbenefits.com
The Ultimate Software Group, Inc. 2020-02-20 - Merger
Weston, Florida · www.ultimatesoftware.com
Optimum Solutions, Inc. 2019-10-02 - Add-on Acquisition
Nashville, Tennessee · www.optimumhris.com
Cadient LLC 2019-06-17 - Divestiture
Morrisville, North Carolina · www.cadienttalent.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 13 (52%) 208M (100%) 1 (50%) -
Internet Software and Services 6 (24%) - 1 (50%) -
Information Technology 3 (12%) - - -
Business Services 2 (8%) - - -
Staffing 1 (4%) - - -
Total 25 $208M 2 -

By Geo

State/Country Buy Value Sell Value
United States 19 150M 1 -
  Florida 3 - - -
  New Jersey 3 - - -
  Texas 2 - - -
  Minnesota 1 - - -
  Massachusetts 1 - - -
  Georgia 1 - - -
  California 1 - - -
  Washington 1 - - -
  Virginia 1 - - -
  Tennessee 1 - - -
  Oregon 1 150M - -
  New York 1 - - -
  North Carolina - - 1 -
Canada 1 58M 1 -
  Quebec 1 58M 1 -
Australia 1 - - -
Belgium 1 - - -
Ireland 1 - - -
Puerto Rico 1 - - -
United Kingdom 1 - - -
Domestic 19 (76%) 150M (72%) 1 (50%) -
Cross-border 6 (24%) 58M (28%) 1 (50%) -
Total 25 $208M 2 -

Top M&A Advisors

Financial Deals
Needham & Co. LLC
2
Morgan Stanley
1

Deal Values

buy # Total
$100M to $1B 1 $150M
< $100M 1 $58M
TOTAL $208M
Largest Unicru, Inc.
$150M (2006-08-01)

M&A Connections

Deals
Acquired from
Investor(s)
20%
5 (20%)
Strategic(s)
12%
3 (12%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

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