M&A Deal Summary

ADP Acquires SHPS

On April 3, 2012, ADP acquired business services company SHPS from Welsh Carson Anderson & Stowe

Acquisition Highlights
  • This is ADP’s 7th transaction in the Business Services sector.
  • This is ADP’s 13th transaction in the United States.
  • This is ADP’s 2nd transaction in Kentucky.

M&A Deal Summary

Date 2012-04-03
Target SHPS
Sector Business Services
Buyer(s) ADP
Sellers(s) Welsh Carson Anderson & Stowe
Deal Type Add-on Acquisition

Target

SHPS

Louisville, Kentucky, United States
SHPS, Inc. is dedicated to helping organizations improve member health and control healthcare costs through its Carewise Health and Landacorp subsidiaries. Landacorp creates care management software and solutions that enables highly efficient collaboration among health plans, providers and members.

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Buyer(S) 1

Buyer

ADP

Roseland, New Jersey, United States

Category Company
Founded 1949
Sector Business Services
Employees60,000
Revenue 18.0B USD (2023)
DESCRIPTION
ADP office in St. Louis, Missouri.
ADP office in St. Louis, Missouri.

ADP is a provider of business outsourcing solutions. ADP offers a wide range of human resource (HR), payroll, tax and benefits administration solutions from a single source. ADP is also a provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment retailers and manufacturers throughout the world. ADP was incorporated in 1949 and is based in Roseland, New Jersey.


DEAL STATS #
Overall 18 of 25
Sector (Business Services) 7 of 9
Type (Add-on Acquisition) 15 of 22
State (Kentucky) 2 of 2
Country (United States) 13 of 19
Year (2012) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-02 SHPS Human Resources Solutions

Louisville, Kentucky, United States

SHPS Human Resources Solutions, Inc. is a provider of human resource and general management services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-06 Sovos Compliance

Wilmington, Massachusetts, United States

Sovos Compliance is a provider of software that safeguards businesses from the burden and risk of modern transactional taxes. Combining the trusted industry expertise and global research capabilities of Convey, Taxware, and VAT Resource, the company enables over 3,000 clients to operate with the confidence to efficiently navigate today’s dynamic regulatory environment. Sovos Compliance was founded in 1979 and is based in Wilmington, Massachusetts.

Sell -

Seller(S) 1

SELLER

Welsh Carson Anderson & Stowe

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1979
PE ASSETS 31.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Welsh Carson Anderson & Stowe (WCAS) is a mega-sized, specialist private equity firm focused on investments in growth-oriented companies operating within the healthcare and technology/tech-enabled services industries. WCAS will consider small and large transactions; including venture investments, growth equity investments, buy-and-build transactions, public-to-private acquisitions, and corporate carve-outs. The Firm prefers control situations and generally seeks opportunities in the US. Welsh Carson Anderson & Stowe was formed in 1979 and is based in New York City.


DEAL STATS #
Overall 38 of 75
Sector (Business Services) 6 of 9
Type (Add-on Acquisition) 24 of 44
State (Kentucky) 1 of 3
Country (United States) 37 of 72
Year (2012) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-08 NaviHealth

Brentwood, Tennessee, United States

NaviHealth, Inc. is the largest manager of post-acute benefits for health plans and a leading value-based care partner to health systems and providers. naviHealth currently serves more than two million insured members and manages care transitions for approximately 800 acute hospitals and 11,000 post-acute care facilities nationwide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-10 Retrievex

Conshohocken, Pennsylvania, United States

Retrievex is an industry leader and innovator in organizing, classifying, archiving, preserving and purging records. Retrievex provides records and information management solutions in several key markets throughout the United States.

Sell -