Investment Summary |
|
|---|---|
| Date | 2023-09-29 |
| Target | Alterna Capital Solutions |
| Sector | Financial Services |
| Investor(s) | Paychex |
| Sellers(s) | Alterna Equity Partners |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Hovde Group (Financial) GreenbergTraurig (Legal) |
SEARCH BY
| Category | Company |
|---|---|
| Founded | 1971 |
| Sector | Business Services |
| Employees | 15,600 |
| Revenue | 5.3B USD (2024) |
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.
| DEAL STATS | # |
|---|---|
| Overall | 21 of 22 |
| Sector: Financial Services M&A | 2 of 2 |
| Type: Add-on Acquisition M&A Deals | 18 of 19 |
| State: Florida M&A | 4 of 4 |
| Country: United States M&A | 20 of 21 |
| Year: 2023 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-10-06 |
Flock
San Francisco, California, United States Flock is a benefits enrollment and administration, onboarding, and human resources information system (HRIS) provider. Flock was founded in 2015 and is based in San Francisco, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2025-01-07 |
Paycor
Cincinnati, Ohio, United States Paycor delivers modern, intuitive recruiting, HR, and payroll solutions. The company partners with businesses to optimize the management of their most valuable assets. Paycor’s personalized support and user-friendly technology ensure that key business processes, including recruiting, onboarding, reporting, timekeeping, compliance, and payroll, run smoothly. Paycor was formed in 1990 and is based in Cincinnati, Ohio. |
Buy | $4.1B |
Alterna Equity Partners (AEP) is a private equity firm focused on control and non-control investments in lower-middle market companies across the US. The Firm seeks to partner with founders and management teams in stable businesses with EBITDA of $3 to $15 million and revenues between $10 and $150 million. AEP typically invests $5 to $20 million per transaction to support consolidations, transitions, and buyouts of companies with high free cash flow, diversified customers, and strong competitive advantages. Sectors of interest include business services, niche manufacturing, education, healthcare, industrials, and consumer products. Alterna Equity Partners was established in 2015 and is based in Fort Lauderdale, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Financial Services M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 1 of 1 |
| State: Florida M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2023 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-12-14 |
Bulk Express
Miami, Florida, United States Bulk Express is a professional transportation and logistics company providing long-haul transportation, collection, and loading of waste and other materials across the state of Florida. Bulk Express was founded in 1992 and is based in Miami, Florida. |
Buy | - |
