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M&A Deal Summary

Paychex Acquires National Business Solutions

On June 26, 1996, Paychex acquired staffing company National Business Solutions for 143M USD

Acquisition Highlights
  • This is Paychex’s 1st transaction in the Staffing sector.
  • This is Paychex’s 5th largest (disclosed) transaction.
  • This is Paychex’s 1st transaction in the United States.
  • This is Paychex’s 1st transaction in Florida.

M&A Deal Summary
Date 1996-06-26
Target National Business Solutions
Sector Staffing
Buyer(s) Paychex
Deal Type Add-on Acquisition
Deal Value 143M USD

Target

National Business Solutions

Saint Petersburg, Florida, United States
National Business administers human resources, employment regulator compliance, workers' compensation coverage, health care and 401(k) programs for 9,000 workers in various businesses.

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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 1 of 22
Sector: Staffing M&A 1 of 4
Type: Add-on Acquisition M&A Deals 1 of 19
State: Florida M&A 1 of 4
Country: United States M&A 1 of 21
Year: 1996 M&A 1 of 2
Size (of disclosed) 5 of 6
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-11-22 Olsen Computer System

Santa Ana, California, United States

Olsen Computer Systems licenses computer software services.

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