Paychex - M&A Summary and Business Overview

Business ServicesCompany

Paychex M&A Summary

Paychex has acquired 23 companies, including 2 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 2018, when it acquired Oasis Outsourcing for $1.2B. Paychex has acquired in 14 different US states, and 2 countries. The Company’s most targeted sectors include business services (39%) and software (20%).

Paychex Business Overview

Where is Paychex headquartered?

Paychex is headquartered in Rochester, New York.

What is Paychex’s revenue?

Paychex disclosed revenue of 4,612M USD for 2022 and 4,057M USD for 2021.

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 1979.

M&A Summary

  • M&A Total Activity23
    • M&A Buy Activity21
    • M&A Sell Activity2
  • Total Sectors Invested 6
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 11

Paychex

Paychex, Inc.

911 Panorama Trail South,
Rochester, New York 14625
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 formed in 1971 and is based in Rochester, New York. Paychex was founded in 1979 and is based in Rochester, New York.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 19 - 1 - 1 - 21
vol $1.9B $1.9B
Sell (0.0/yr) # 2 - - - - - 2
  23

Most Recent M&A

Company Date Value Type
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
HR Service, Inc. 2013-06-17 - Add-on Acquisition
Salt Lake City, Utah · www.hrserviceinc.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Business Services 8 (38%) 1.4B (77%) - -
Software 4 (19%) - 1 (50%) -
Staffing 4 (19%) 325M (17%) 1 (50%) -
Financial Services 2 (10%) - - -
Internet Software and Services 2 (10%) 115M (6%) - -
Information Technology 1 (5%) - - -
Total 21 $1.9B 2 -

By Geo

State/Country Buy Value Sell Value
United States 20 1.9B 2 -
  Florida 4 1.3B 1 -
  California 3 - - -
  Ohio 2 - - -
  Washington 1 - 1 -
  Utah 1 - - -
  Oregon 1 - - -
  North Carolina 1 - - -
  New Jersey 1 182M - -
  Michigan 1 - - -
  Maine 1 240M - -
  Illinois 1 115M - -
  Georgia 1 - - -
  Colorado 1 - - -
  Arizona 1 - - -
Denmark 1 - - -
Domestic 20 (95%) 1.9B (100%) 2 (100%) -
Cross-border 1 (5%) - - -
Total 21 $1.9B 2 -

Deal Values

buy # Total
> $1B 1 $1.2B
$100M to $1B 4 $680M
TOTAL $1.9B
Largest Oasis Outsourcing LLC
$1.2B (2018-11-26)

M&A Connections

Deals
Acquired from
Investor(s)
24%
5 (24%)
Strategic(s)
14%
3 (14%)
Divested to
Strategic(s)
100%
2 (100%)

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