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M&A Deal Summary

Paychex Acquires Paycor

On January 7, 2025, Paychex acquired software company Paycor for 4.1B USD

Acquisition Highlights
  • This is Paychex’s 5th transaction in the Software sector.
  • This is Paychex’s largest (disclosed) transaction.
  • This is Paychex’s 21st transaction in the United States.
  • This is Paychex’s 3rd transaction in Ohio.

M&A Deal Summary
Date 2025-01-07
Target Paycor
Sector Software
Buyer(s) Paychex
Deal Type Add-on Acquisition
Deal Value 4.1B USD
Advisor(s) Goldman Sachs (Financial)
Kirkland & Ellis (Legal)

Target

Paycor

Cincinnati, Ohio, United States
Paycor delivers modern, intuitive recruiting, HR, and payroll solutions. The company partners with businesses to optimize the management of their most valuable assets. Paycor’s personalized support and user-friendly technology ensure that key business processes, including recruiting, onboarding, reporting, timekeeping, compliance, and payroll, run smoothly. Paycor was formed in 1990 and is based in Cincinnati, Ohio.

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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 22 of 22
Sector (Software) 5 of 5
Type (Add-on Acquisition) 19 of 19
State (Ohio) 3 of 3
Country (United States) 21 of 21
Year (2025) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-29 Alterna Capital Solutions

Orlando, Florida, United States

Alterna Capital Solutions provides flexible financing solutions including invoice financing with full-service accounts receivable management, asset-based lending, credit facilities up to $50 million and other complimentary financing options made available through ACS partners. Alterna Capital Solutions was founded in 2018 and is based in Orlando, Florida.

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