M&A Deal Summary

Paychex Acquires HR Service

On June 17, 2013, Paychex acquired staffing company HR Service

Acquisition Highlights
  • This is Paychex’s 4th transaction in the Staffing sector.
  • This is Paychex’s 12th transaction in the United States.
  • This is Paychex’s 1st transaction in Utah.

M&A Deal Summary
Date 2013-06-17
Target HR Service
Sector Staffing
Buyer(s) Paychex
Deal Type Add-on Acquisition

Target

HR Service

Salt Lake City, Utah, United States
HR Services specializes in providing HR Management solutions, tools and even conducting training sessions. The company’s solutions primarily target the small and medium businesses (SMBs). HR Services’ portfolio includes a software-as-a-service model namely, myStaffingPro. This web-based application system helps in tracking applicants and recruitment of the best suited candidates.

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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 12 of 21
Sector (Staffing) 4 of 4
Type (Add-on Acquisition) 9 of 18
State (Utah) 1 of 1
Country (United States) 12 of 20
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-03 ExpenseWire

Wooster, Ohio, United States

ExpenseWire is an expense report automation solution for small and medium-sized businesses.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-11 Interactive Services Group

Detroit, Michigan, United States

Interactive Service Group provides Application Tracking Services for employer

Buy -
Mergr

Product

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