M&A Deal Summary |
|
|---|---|
| Date | 2002-09-19 |
| Target | Advantage Payroll Services |
| Sector | Business Services |
| Buyer(s) | Paychex |
| Sellers(s) |
Willis Stein & Partners
Silver Oak Services Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 240M USD |
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| Category | Company |
|---|---|
| Founded | 1971 |
| Sector | Business Services |
| Employees | 15,600 |
| Revenue | 5.3B USD (2024) |
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 | 3 of 21 |
| Sector (Business Services) | 1 of 8 |
| Type (Add-on Acquisition) | 3 of 18 |
| State (Maine) | 1 of 1 |
| Country (United States) | 3 of 20 |
| Year (2002) | 1 of 1 |
| Size (of disclosed) | 2 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 1996-11-22 |
Olsen Computer System
Santa Ana, California, United States Olsen Computer Systems licenses computer software services. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2003-04-01 |
InterPay
East Hanover, New Jersey, United States InterPay, founded in 1971, is a national payroll and human resource administrative services provider primarily focused on small- to medium-sized businesses located in 49 states. InterPay's offices encompass the Northeast and Mid-Atlantic regions of the U.S., as well as northern Illinois and Florida. InterPay provides a full range of payroll services, including payroll processing, payroll tax filing and employee pay services. Its HR administrative services include workers' compensation solutions, section 125 plans and employee benefit booklets. |
Buy | $182M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1994 |
| PE ASSETS | 3.0B USD |
| Size | Large |
| Type | Sector Agnostic |
Willis Stein & Partners is a private equity firm focused on investing in growth-oriented, US-based, middle-market companies valued between $30 and $500 million. Prospective investment situations include buyouts, growth capital financings, corporate divestitures, industry consolidations, and generational changes in ownership. Sectors of interest include business services, consumer products and services, healthcare, manufacturing, media, and telecommunications. Willis Stein & Partners was formed in 1994 and is based in Northbrook, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 25 of 47 |
| Sector (Business Services) | 3 of 8 |
| Type (Add-on Acquisition) | 4 of 6 |
| State (Maine) | 1 of 1 |
| Country (United States) | 25 of 47 |
| Year (2002) | 3 of 4 |
| Size (of disclosed) | 5 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-09-02 |
Troll Communications
Mahwah, New York, United States Troll was a leading distributor of children's books primarily serving the K ? 9 age group. The company offered a wide variety of titles from many of America's leading publishers of children's literature and distributed its products through school book clubs, home continuity clubs, a school and library division and traditional trade channels. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-10-01 |
CTN Media Group
Atlanta, Georgia, United States CTN, headquartered in Atlanta, GA, was acquired by Willis Stein in May 1997 and was a media company focused on the highly-coveted 18-24 year old demographic. |
Sell | $15M |
| Category | Private Equity Firm |
|---|---|
| Founded | 2005 |
| Size | Small |
| Type | Sector Focused |
Silver Oak Services Partners, LLC is a private equity firm focused on service businesses, specifically business services, healthcare services, and consumer services. The Firm targets companies with revenues between $15 and $150 million and EBITDA of $4 to $25 million. The Firm's typical investment size is $10 to $50 million with the ability to invest more through co-investment from the firm's limited partners. The company will not consider investments in start-ups, businesses with project-based revenue models, retail, or restaurants. Silver Oak Services Partners was formed in 1995 and is based in Evanston, Illinois.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 24 |
| Sector (Business Services) | 2 of 7 |
| Type (Add-on Acquisition) | 4 of 10 |
| State (Maine) | 1 of 1 |
| Country (United States) | 4 of 24 |
| Year (2002) | 1 of 1 |
| Size (of disclosed) | 4 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2002-01-01 |
Mactec
Alpharetta, Georgia, United States Mactec, Inc. is a provider of engineering, environmental and construction management services to national, state and local governments and multi-national, regional and local private companies. MACTEC offers an ever-broadening portfolio of sustainable solutions, from renewable energy to facility asset management. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-01-04 |
Education of America
Birmingham, Alabama, United States Education Corporation of America, Inc. is an operator of post-secondary schools. Education Corporation of America is the holding company of Virginia College is a for-profit, nationally accredited post-secondary education provider to approximately 18,000 students. Virginia College has a presence in 25 markets and the Internet. |
Sell | - |
