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M&A Deal Summary

UKG Acquires Inova Payroll

On December 12, 2025, UKG acquired staffing company Inova Payroll from Tritium Partners

Acquisition Highlights
  • This is UKG’s 2nd transaction in the Staffing sector.
  • This is UKG’s 21st transaction in the United States.
  • This is UKG’s 2nd transaction in Tennessee.

M&A Deal Summary
Date 2025-12-12
Target Inova Payroll
Sector Staffing
Buyer(s) UKG
Sellers(s) Tritium Partners
Deal Type Add-on Acquisition

Target

Inova Payroll

Nashville, Tennessee, United States
Inova Payroll is a payroll and human resources service provider that offers services ranging 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

UKG

Lowell, Massachusetts, United States
Category Company
Founded 1977
Sector Internet Software and Services
DESCRIPTION

UKG is a provider of cloud-based workforce management solutions. The company solutions, which include time and labor, scheduling, talent management, human resources, payroll, absence management, labor activity tracking, data collection, self-service and workforce analytics are designed for a wide range of businesses and organizations from single-site to large multi-site enterprises. UKG was founded in 1977 and is based in Lowell, Massachusetts.

DEAL STATS #
Overall 27 of 27
Sector: Staffing M&A 2 of 2
Type: Add-on Acquisition M&A Deals 23 of 23
State: Tennessee M&A 2 of 2
Country: United States M&A 21 of 21
Year: 2025 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-02 Shiftboard

Seattle, Washington, United States

Shiftboard is a cloud-based scheduling and hourly workforce management solution for medium to large workforces. Shiftboard is based in Seattle, Washington.

Buy -

Seller(S) 1

SELLER

Tritium Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2013
PE ASSETS 1.5B USD
Size Large
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 13 of 13
Sector: Staffing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 9 of 9
State: Tennessee M&A 2 of 2
Country: United States M&A 13 of 13
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-20 Loxo

Austin, Texas, United States

Loxo is a talent intelligence platform and recruiting software company, with a horizontally integrated suite of data-driven and AI-powered products designed to manage the full recruitment life cycle through a single system-of-record software platform. Loxo was founded in 2012 and is based in Austin, Texas.

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