M&A Deal Summary

IOI Payroll Services Acquires TimePlus Systems

On June 2, 2008, IOI Payroll Services acquired business services company TimePlus Systems

Acquisition Highlights
  • This is IOI Payroll Services’ 1st transaction in the Business Services sector.
  • This is IOI Payroll Services’ 1st transaction in the United States.
  • This is IOI Payroll Services’ 1st transaction in Georgia.

M&A Deal Summary

Date 2008-06-02
Target TimePlus Systems
Sector Business Services
Buyer(s) IOI Payroll Services
Deal Type Add-on Acquisition
Advisor(s) Croft & Bender (Financial)

Target

TimePlus Systems

Roswell, Georgia, United States
TimePlus Systems LLC is a provider of payroll, tax, and benefits management software and services in the United States and Canada.

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Buyer(S) 1

Buyer

IOI Payroll Services

Elkhart, Indiana, United States

Category Company
Sector Business Services
DESCRIPTION

IOI is a national provider of payroll and employer outsourcing services.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Georgia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2008 M&A 1 of 1