M&A Deal Summary

Paychex Acquires Advance Partners

On December 22, 2015, Paychex acquired financial services company Advance Partners

Acquisition Highlights
  • This is Paychex’s 1st transaction in the Financial Services sector.
  • This is Paychex’s 15th transaction in the United States.
  • This is Paychex’s 2nd transaction in Ohio.

M&A Deal Summary
Date 2015-12-22
Target Advance Partners
Sector Financial Services
Buyer(s) Paychex
Deal Type Add-on Acquisition

Target

Advance Partners

Cleveland, Ohio, United States
Advance Partners is a provider of integrated financial, operational, and strategic services to support independent staffing firms.

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Buyer(S) 1

Buyer

Paychex

Rochester, New York, United States
Category Company
Founded 1971
Sector Business Services
Employees15,600
Revenue 5.3B USD (2024)
DESCRIPTION
Paychex office in North Reading, Massachusetts.
Paychex office in North Reading, Massachusetts.

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 15 of 21
Sector (Financial Services) 1 of 2
Type (Add-on Acquisition) 12 of 18
State (Ohio) 2 of 2
Country (United States) 15 of 20
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-25 NETtime Solutions

Scottsdale, Arizona, United States

NETtime Solutions LLC is a provider of cloud-based time and attendance solutions provider. NETtime helps companies manage their workforce with real-time time and labor management data while helping them maintain compliance with local, state and federal labor laws.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-21 HR Outsourcing Holdings

Charlotte, North Carolina, United States

HR Outsourcing Holdings, Inc. (HROi) is a professional employer organization (PEO) that develops HR solutions tailored to clients’ business objectives and employee needs. HR Outsourcing Holdings, Inc. (HROi) was established in 2001 and is based in Charlotte, North Carolina.

Buy -
Mergr

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