M&A Deal Summary

Paychex Acquires HR Outsourcing Holdings

On August 21, 2017, Paychex acquired business services company HR Outsourcing Holdings

Acquisition Highlights
  • This is Paychex’s 6th transaction in the Business Services sector.
  • This is Paychex’s 16th transaction in the United States.
  • This is Paychex’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2017-08-21
Target HR Outsourcing Holdings
Sector Business Services
Buyer(s) Paychex
Deal Type Add-on Acquisition

Target

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.

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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 16 of 21
Sector (Business Services) 6 of 8
Type (Add-on Acquisition) 13 of 18
State (North Carolina) 1 of 1
Country (United States) 16 of 20
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-22 Advance Partners

Cleveland, Ohio, United States

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

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-22 HROI

Lawrenceville, Georgia, United States

HROI is a professional employer organization and administrative services organization. HROI was founded in 2001 and is based in Lawrenceville, Georgia.

Buy -
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