Add-on Acquisition • Business Services

Carrier & Technology Solutions Acquires Global HR

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

Acquisition Context

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.

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

Target Company

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 Overview 1

Buyer

Carrier & Technology Solutions

Fort Lauderdale, Florida, United States

Category	Company
Founded	2003
Sector	Business Services
Employees	1,145
Revenue	210M USD (2015)

DESCRIPTION

Carrier & Technology Solutions 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. Carrier & Technology Solutions was founded in 2003 and is based in Fort Lauderdale, Florida.

Deal Context for Buyer	#
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	-

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	-

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

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