M&A Deal Summary

TriNet Group Acquires Strategic Outsourcing

On September 14, 2012, TriNet Group acquired staffing company Strategic Outsourcing from Clarion Capital Partners

Acquisition Highlights
  • This is TriNet Group’s 5th transaction in the Staffing sector.
  • This is TriNet Group’s 8th transaction in the United States.
  • This is TriNet Group’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2012-09-14
Target Strategic Outsourcing
Sector Staffing
Buyer(s) TriNet Group
Sellers(s) Clarion Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Lazard Middle Market (Financial)

Target

Strategic Outsourcing

Charlotte, North Carolina, United States
Strategic Outsourcing is a professional employer organization (PEO), which provides human resources outsourcing to small- and medium-sized businesses. The company specializes in payroll administration, safety and risk management, workers’ compensation, human resource administration, compliance, and benefits administration.

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Buyer(S) 1

Buyer

TriNet Group

Dublin, California, United States
Category Company
Founded 1988
Sector Staffing
Employees357,728
Revenue 4.9B USD (2023)
DESCRIPTION

TriNet Group is a provider of a comprehensive human resources solution for small to midsize businesses. TriNet Group was founded in 1988 and is based in Dublin, California.

DEAL STATS #
Overall 8 of 12
Sector (Staffing) 5 of 8
Type (Add-on Acquisition) 8 of 12
State (North Carolina) 1 of 1
Country (United States) 8 of 12
Year (2012) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-08 App7

Los Angeles, California, United States

App7, Inc., doing business as ExpenseCloud, provides online expense management solutions for individuals and companies of all sizes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-02 Ambrose Employer Group

New York, New York, United States

Ambrose Employer Group LLC is a provider of HR services to emerging financial and professional services organizations.

Buy -

Seller(S) 1

SELLER

Clarion Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

Clarion Capital Partners is a private equity investment firm that invests in middle-market, growth-oriented companies with and an enterprise value of $50 to $200 million and EBITDA greater than $7.5 million. Target industries include consumer products, business and healthcare services, specialty financial services, specialty retail, and niche media/entertainment. Clarion seeks companies requiring an equity investment of $15 to $75 million in a broad range of investment structures including: growth equity, recapitalizations, and leveraged buyouts. Clarion Capital was formed in 1999 and is based in New York City.

DEAL STATS #
Overall 7 of 16
Sector (Staffing) 1 of 2
Type (Add-on Acquisition) 5 of 10
State (North Carolina) 1 of 1
Country (United States) 7 of 15
Year (2012) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-02 Hartmann

Lebanon, Tennessee, United States

Hartmann is a quintessential American luxury brand, with over 130 years of design, quality, and innovation experience.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-01 Cadent

New York, New York, United States

Cadent is a media services company that aggregates local cable television advertising inventory for resale to national advertisers. Cadent was founded in 2007 and is based in New York, New York.

Sell -
Mergr

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