M&A Deal Summary

Access Group Acquires Paytronix

On November 1, 2024, Access Group acquired internet software and services company Paytronix from Great Hill Partners

Acquisition Highlights
  • This is Access Group’s 3rd transaction in the Internet Software and Services sector.
  • This is Access Group’s 3rd transaction in the United States.
  • This is Access Group’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2024-11-01
Target Paytronix
Sector Internet Software and Services
Buyer(s) Access Group
Sellers(s) Great Hill Partners
Deal Type Add-on Acquisition
Advisor(s) Financial Technology Partners - FT Partners (Financial)

Target

Paytronix

Newton, Massachusetts, United States
Paytronix is a provider of SaaS customer experience management solutions (loyalty, reward, gift, mobile applications, and data insights) for restaurants and convenience store brands. Paytronix was founded in 2001 and is based in Newton, Massachusetts.

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Buyer(S) 1

Buyer

Access Group

Loughborough, United Kingdom

Category Company
Founded 1991
Sector Software
DESCRIPTION

Access Group is a provider of fully integrated business management software. Its portfolio spans ERP, finance, HR, Payroll, recruitment, warehousing, business intelligence, professional service automation and manufacturing. Access Group was formed in 1991 and is based in Loughborough, United Kingdom.


DEAL STATS #
Overall 18 of 18
Sector (Internet Software and Services) 3 of 3
Type (Add-on Acquisition) 17 of 17
State (Massachusetts) 1 of 1
Country (United States) 3 of 3
Year (2024) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-01 Tradify

Auckland, New Zealand

Tradify is a job management software for trade businesses. Tradify offers a best-in-class platform that brings together customer inquiries, service reminders, estimates, quotes, scheduling, staffing, contractor management, job tracking, timesheets, invoices, certification, and payments—all in one place. Tradify was founded in 2013 and is based in Auckland, New Zealand.

Buy -

Seller(S) 1

SELLER

Great Hill Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 12.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Great Hill Partners is a private equity firm focused on growth equity and recapitalization investments in well established public and private companies valued put to $1 billion. Great Hill targets companies within consumer services, business services, financial technology, healthcare, internet, logistics, media, communications, technology services, software and transaction processing. The Firm invests in the range of $25 to $500 million per transaction. Great Hill prefers companies located in the US, but will also consider opportunities in Europe and Latin America. Great Hill Partners was formed in 1998 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 60 of 61
Sector (Internet Software and Services) 20 of 21
Type (Add-on Acquisition) 37 of 38
State (Massachusetts) 8 of 8
Country (United States) 50 of 51
Year (2024) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-25 BigChange

Leeds, United Kingdom

BigChange is a mobile workforce management technology company for the service and transport sectors. BigChange’s tools provide job scheduling, customer invoicing and payments automation, mobile workforce management, and client engagement. BigChange was founded in 2013 and is based in Leeds, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-25 Intuitive Health

Plano, Texas, United States

Intuitive Health operates multiple hybrid emergency room and urgent care clinics in the Dallas area. Intuitive Health's unique hybrid model has distinct advantages relative to competition, as it triages patients appropriately based on the acuity of their cases, avoiding unnecessary costs of unwarranted emergency care. Intuitive Health was founded in 2008 and is based in Plano, Texas.

Buy -