M&A Deal Summary

FMS Solutions Acquires Retail Financial Services

On September 14, 2022, FMS Solutions acquired financial services company Retail Financial Services

Acquisition Highlights
  • This is FMS Solutions’ 2nd transaction in the Financial Services sector.
  • This is FMS Solutions’ 4th transaction in the United States.
  • This is FMS Solutions’ 1st transaction in Minnesota.

M&A Deal Summary
Date 2022-09-14
Target Retail Financial Services
Sector Financial Services
Buyer(s) FMS Solutions
Deal Type Add-on Acquisition

Target

Retail Financial Services

Plymouth, Minnesota, United States
Retail Financial Services provides accounting, tax preparation, and tax planning services to independent grocers and other multi-site retail customers. Retail Financial Services was founded in 2005 and is based in Plymouth, Minnesota.

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Buyer(S) 1

Buyer

FMS Solutions

Ft Lauderdale, Florida, United States
Category Company
Founded 1974
Sector Financial Services
DESCRIPTION

FMS Solutions is a provider of business process outsourcing (“BPO”) services to independent grocers and other multi-unit retailers. FMS’s comprehensive range of accounting and payroll solutions enables its 5,000+ retailer customers to run more efficient operations and make informed strategic decisions on a daily basis. FMS Solutions was founded in 1974 and is based in Ft Lauderdale, Florida.

DEAL STATS #
Overall 4 of 4
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (Minnesota) 1 of 1
Country (United States) 4 of 4
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-14 GOT Systems

Leawood, Kansas, United States

GOT Systems provides SaaS-based product ordering, shrink and markdown tracking and grind log services to U.S. grocers, based in Leawood, Kansas.

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