M&A Deal Summary

PrimePay Acquires Benefit Managers

On July 6, 2015, PrimePay acquired business services company Benefit Managers

Acquisition Highlights
  • This is PrimePay’s 1st transaction in the Business Services sector.
  • This is PrimePay’s 1st transaction in the United States.
  • This is PrimePay’s 1st transaction in Idaho.

M&A Deal Summary
Date 2015-07-06
Target Benefit Managers
Sector Business Services
Buyer(s) PrimePay
Deal Type Add-on Acquisition

Target

Benefit Managers

Boise, Idaho, United States
Benefit Managers Co., Inc. is a third party administrator (TPA) of tax-advantaged benefit plan administration.

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Buyer(S) 1

Buyer

PrimePay

West Chester, Pennsylvania, United States
Category Company
Founded 1986
Sector Business Services
DESCRIPTION

PrimePay is a payroll service and human capital management (HCM) provider, offering solutions that empower businesses to focus on what matters most. The company delivers highly configurable HR and payroll solutions designed to create efficiencies and to maximize compliance for our clients across our nationwide presence. PrimePay was formed in 1986 and is based in West Chester, Pennsylvania.

DEAL STATS #
Overall 1 of 4
Sector (Business Services) 1 of 2
Type (Add-on Acquisition) 1 of 3
State (Idaho) 1 of 1
Country (United States) 1 of 4
Year (2015) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-09 Cobra Direct

Sanford, North Carolina, United States

Cobra Direct is a provider of payroll, human resource and benefit services.

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