M&A Deal Summary

Carrier & Technology Solutions Acquires Global HR

On July 21, 2015, Carrier & Technology Solutions acquired business services company Global HR for 24M USD

Acquisition Highlights
  • This is Carrier & Technology Solutions’ 3rd transaction in the Business Services sector.
  • This is Carrier & Technology Solutions’ largest (disclosed) transaction.
  • This is Carrier & Technology Solutions’ 13th transaction in the United States.
  • This is Carrier & Technology Solutions’ 4th transaction in Florida.
Investment Fate
  • Global HR was divested to a consortium of buyers in 2017 for 30M USD.
  • Global HR was sold to a strategic buyer in 2022.

M&A Deal Summary
Date 2015-07-21
Target Global HR
Sector Business Services
Buyer(s) Carrier & Technology Solutions
Deal Type Add-on Acquisition
Deal Value 24M USD

Target

Global HR

Fort Myers, Florida, United States
Global HR provides a comprehensive suite of employee testing, screening, and compliance management solutions to a diverse set of end markets. GHRR, which manages complex needs throughout the employee lifecycle, differentiates itself through best-in-class service levels, expertise within healthcare and other specialized industries, an intuitive technology platform and user interface, and the strength of its integration into customer platforms. Global HR was founded in 2005 and is headquartered in Fort Myers, Florida.

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Buyer(S) 1

Buyer

Carrier & Technology Solutions

Fort Lauderdale, Florida, United States
Category Company
Founded 2003
Sector Business Services
Employees1,145
Revenue 210M USD (2015)
DESCRIPTION

Carrier & Technology Solutions (CTS) is a national provider of comprehensive technology and outsourcing solutions that help insurance companies and employers mitigate risk, comply with complex regulations and save time and money. CTS provides general agency services, technology outsourcing, software solutions, specialty underwriting and policyholder services, claims administration services, and self-funded health plans to its insurance carrier clients, employers and other clients. CTS is headquartered in Fort Lauderdale, Florida.

DEAL STATS #
Overall 15 of 17
Sector (Business Services) 3 of 3
Type (Add-on Acquisition) 12 of 14
State (Florida) 4 of 4
Country (United States) 13 of 15
Year (2015) 13 of 14
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-09 CWIBenefits

Greenville, South Carolina, United States

CWIBenefits, Inc. is a provider of benefits administration for clients with self-funded health and welfare plans nationwide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-17 R.C.A. Insurance Group

Clifton, New Jersey, United States

R.C.A. Insurance Group is a provider of preferred insurance programs designed for restaurants, bars and taverns nationwide.

Buy -
Mergr

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Company

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