M&A Deal Summary

Tritium Partners Acquires Inova Payroll

On November 15, 2017, private equity firm Tritium Partners acquired staffing company Inova Payroll

Acquisition Highlights
  • This is Tritium Partners’ 1st transaction in the Staffing sector.
  • This is Tritium Partners’ 10th transaction in the United States.
  • This is Tritium Partners’ 2nd transaction in Tennessee.

M&A Deal Summary
Date 2017-11-15
Target Inova Payroll
Sector Staffing
Buyer(s) Tritium Partners
Deal Type Recapitalization

Target

Inova Payroll

Nashville, Tennessee, United States
Inova Payroll is a payroll and human resources service provider. Inova Payroll’s services range from simple payroll for businesses with tens of employees to robust human capital management solutions for those with 1,000+ employees. Inova Payroll was founded in 2010 and is based in Nashville, Tennessee.

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Buyer(S) 1

Buyer

Tritium Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2013
Size Small
Type Sector Agnostic
DESCRIPTION

Tritium Partners is a private equity firm focused on acquiring profitable, growth-oriented lower middle-market companies. The Firm seeks companies with $2 to $15 million of EBITDA in the internet/information services, supply chain logistics, business services, and financial services sectors. Tritium Partners was formed in 2013 and is based in Austin, Texas.

DEAL STATS #
Overall 10 of 22
Sector (Staffing) 1 of 1
Type (Recapitalization) 1 of 2
State (Tennessee) 2 of 2
Country (United States) 10 of 21
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-13 Vacation Innovations

Orlando, Florida, United States

Vacation Innovations is a provider of secondary-market services and solutions for the vacation ownership industry. Vacation Innovations was founded in 1999 and is based in Orlando, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-20 RVshare

Akron, Ohio, United States

RVshare is a peer-to-peer RV rental marketplace. RVshare’s diverse inventory ranges from affordable travel trailers to luxury motorhomes and can accommodate any outdoor adventure, whether it’s a weekend of camping or a cross-country tour of national parks. RVshare was founded in 2013 and is based in Akron, Ohio.

Buy -
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