M&A Deal Summary

PrismHR Acquires VensureHR

On September 1, 2022, PrismHR acquired business services company VensureHR from Stone Point Capital

Acquisition Highlights
  • This is PrismHR’s 1st transaction in the Business Services sector.
  • This is PrismHR’s 4th transaction in the United States.
  • This is PrismHR’s 1st transaction in Arizona.

M&A Deal Summary

Date 2022-09-01
Target VensureHR
Sector Business Services
Buyer(s) PrismHR
Sellers(s) Stone Point Capital
Deal Type Merger
Advisor(s) Baird (Financial)

Target

VensureHR

Chandler, Arizona, United States
VensureHR is a provider of HR/HCM technology, managed services, and global business process outsourcing. VensureHR was founded in 2004 and is based in Chandler, Arizona.

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Buyer(S) 1

Buyer

PrismHR

Hopkinton, Massachusetts, United States

Category Company
Founded 1985
Sector Software
DESCRIPTION

PrismHR provides software and services, empowering human resource outsourcing service providers such as Professional Employer Organizations (PEOs) and Administrative Service Organizations (ASOs) to deliver world-class HR, benefits, and payroll to small and medium-sized businesses. PrismHR was founded in 1985 and is based in Hopkinton, Massachusetts.


DEAL STATS #
Overall 4 of 4
Sector (Business Services) 1 of 1
Type (Merger) 1 of 1
State (Arizona) 1 of 1
Country (United States) 4 of 4
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-02 AgileHR

Wichita, Kansas, United States

Agile Product Solutions is a provider of full-service Talent Management Software that includes Applicant Tracking, Employee Onboarding, Performance Management, Employee Management and a fully integrated Payroll and Time and Attendance solution. Agile Product Solutions was founded in 2010 and is based in Wichita, Kansas.

Buy -

Seller(S) 1

SELLER

Stone Point Capital

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 55.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Stone Point Capital is a private equity firm that targets investments in financial services sector. Specific areas of interest include insurance underwriting, outsourcing service providers to financial institutions, specialty lending and other credit opportunities, employee benefits and healthcare, asset management/retirement savings, and banking/depository institutions. Stone Point looks to commit between $75 and $750 million of equity per transaction and will consider control or substantial minority positions. Geographic areas of interest include North America and Europe. Stone Point Capital was formed in 1994 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 57 of 59
Sector (Business Services) 9 of 9
Type (Merger) 5 of 5
State (Arizona) 1 of 1
Country (United States) 51 of 53
Year (2022) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-24 Onboard Partners

Boston, Massachusetts, United States

Onboard Partners is specialized in helping financial services companies and their partners solve challenges within credit cards, unsecured loans, and merchant acquiring. Onboard Partners was founded in 1979 and is based in Boston, Massachusetts.

Buy $210M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-19 IEQ Capital

Foster City, California, United States

IEQ Capital is an independent wealth management firm and alternative investment solutions provider. IEQ provides its clients with a combination of high-touch wealth advisory and family office services, and a demonstrated approach to sourcing, negotiating, and structuring a range of public and private investment solutions designed to meet clients’ needs. IEQ Capital was founded in 2019 and is based in Foster City, California.

Buy -