Paychex - M&A Summary and Business Overview

Business ServicesCompany

Paychex M&A Summary

Paychex has acquired 24 companies, including 3 in the last 5 years. A total of 7 acquisitions came from private equity firms. It has also divested 2 assets.

Paychex’s largest acquisition to date was in 2025, when it acquired Paycor for $4.1B. Paychex has acquired in 14 different US states, and 2 countries. The Company’s most targeted sectors include business services (37%) and software (23%).

Paychex Business Overview

Where is Paychex headquartered?

Paychex is headquartered in Rochester, New York.

What is Paychex’s revenue?

Paychex disclosed revenue of 5,278M USD for 2024 and 5,007M USD for 2023.

How many employees does Paychex have?

Paychex has 15,600 employees.

What sector is Paychex in?

Paychex is a business services company.

When was Paychex founded?

Paychex was founded in 1971.

M&A Summary

  • M&A Total Activity24
    • M&A Buy Activity22
    • M&A Sell Activity2
  • Total Sectors Invested 6
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 11
  • M&A Advisors 2

Paychex

Paychex, Inc.

911 Panorama Trail South,
Rochester, New York 16500
United States,
(585) 385-6666
www.paychex.com

Paychex is a provider of comprehensive payroll and integrated human resource and employee benefits outsourcing solutions for small- to medium-sized businesses in the US. Paychex was founded in 1971 and is based in Rochester, New York.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.6/yr) # 19 1 - 1 - 1 22
vol $1.9B $4.1B $6.0B
Sell (0.0/yr) # 2 - - - - - 2
  24
+20022232421.522.523.524.50

Most Recent M&A

Company Date Value Type
Paycor, Inc. 2025-01-07 4.1B USD Add-on Acquisition
Cincinnati, Ohio · www.paycor.com
Alterna Capital Solutions 2023-09-29 - Add-on Acquisition
Orlando, Florida · www.alternacs.com
Flock IS, Inc. 2021-10-06 - Add-on Acquisition
San Francisco, California · www.helloflock.com
Oasis Outsourcing LLC 2018-11-26 1.2B USD Add-on Acquisition
West Palm Beach, Florida · www.oasisadvantage.com
Lessor A/S 2018-03-01 - Add-on Acquisition
Lillerod, Denmark · www.lessor.dk
HR Outsourcing, Inc. 2017-08-22 - Add-on Acquisition
Lawrenceville, Georgia · www.hroi.com
HR Outsourcing Holdings, Inc. (HROi) 2017-08-21 - Add-on Acquisition
Charlotte, North Carolina · live.hroi.com
Advance Partners 2015-12-22 - Add-on Acquisition
Cleveland, Ohio · www.advancepartners.com
NETtime Solutions LLC 2014-07-25 - Add-on Acquisition
Scottsdale, Arizona · www.nettimesolutions.com
Interactive Services Group, Inc. 2014-04-11 - Add-on Acquisition
Detroit, Michigan
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Business Services 8 (36%) 1.4B (24%) - -
Software 5 (23%) 4.1B (69%) 1 (50%) -
Staffing 4 (18%) 325M (5%) 1 (50%) -
Financial Services 2 (9%) - - -
Internet Software and Services 2 (9%) 115M (2%) - -
Information Technology 1 (5%) - - -
Total 22 $6.0B 2 -

By Geo

State/Country Buy Value Sell Value
United States 21 6.0B 2 -
  Florida 4 1.3B 1 -
  Ohio 3 4.1B - -
  California 3 - - -
  Washington 1 - 1 -
  North Carolina 1 - - -
  New Jersey 1 182M - -
  Michigan 1 - - -
  Maine 1 240M - -
  Illinois 1 115M - -
  Georgia 1 - - -
  Colorado 1 - - -
  Arizona 1 - - -
  Utah 1 - - -
  Oregon 1 - - -
Denmark 1 - - -
Domestic 21 (95%) 6.0B (100%) 2 (100%) -
Cross-border 1 (5%) - - -
Total 22 $6.0B 2 -

Top M&A Advisors

Financial Deals
J.P. Morgan Securities
1
Legal Deals
Davis Polk & Wardwell
1

Deal Values

buy # Total
> $1B 2 $5.3B
$100M to $1B 4 $680M
TOTAL $6.0B
Largest Paycor, Inc.
$4.1B (2025-01-07)

M&A Connections

Deals
Acquired from
Investor(s)
23%
5 (23%)
Strategic(s)
14%
3 (14%)
Divested to
Strategic(s)
100%
2 (100%)

 Subscribe to unlock this and 211,880
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.7K Private Equity Firms
  • 205K M&A Transactions
  • 207K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.7K M&A Advisors
    (Investment Banks and Law Firms)
  • 80K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.