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M&A Deal Summary

UKG Acquires Stromberg

On October 14, 2009, UKG acquired staffing company Stromberg from Paychex

Acquisition Highlights
  • This is UKG’s 1st transaction in the Staffing sector.
  • This is UKG’s 5th transaction in the United States.
  • This is UKG’s 1st transaction in Florida.

M&A Deal Summary
Date 2009-10-14
Target Stromberg
Sector Staffing
Buyer(s) UKG
Sellers(s) Paychex
Deal Type Divestiture

Target

Stromberg

Lake Mary, Florida, United States
Stromberg is a provider of enterprise time and attendance solutions. The Lake Mary, Florida based company is the only time and labor management vendor that specializes solely on time and attendance as well as scheduling for large companies.

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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 7 of 26
Sector: Staffing M&A 1 of 1
Type: Divestiture M&A Deals 2 of 3
State: Florida M&A 1 of 3
Country: United States M&A 5 of 20
Year: 2009 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-14 Time In A Box

Federal Way, Washington, United States

Time in a Box is a PC-based time and attendance software targeted at small and midsize businesses.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-28 SaaShr.com

Branchburg, New Jersey, United States

SaaShr.com LLC is a software-as-a-service (SaaS) workforce management suite for small and midsize businesses (SMBs).

Buy -

Seller(S) 1

SELLER

Paychex

Rochester, New York, United States
Category Company
Founded 1971
Sector Business Services
Employees15,600
Revenue 5.3B USD (2024)
DESCRIPTION
Paychex office in North Reading, Massachusetts.
Paychex office in North Reading, Massachusetts.

Paychex is a provider of comprehensive payroll and integrated human resource and employee benefits outsourcing solutions for small- to medium-sized businesses in the US. Paychex was founded in 1971 and is based in Rochester, New York.

DEAL STATS #
Overall 2 of 2
Sector: Staffing M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
State: Florida M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2009 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-14 Time In A Box

Federal Way, Washington, United States

Time in a Box is a PC-based time and attendance software targeted at small and midsize businesses.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-09 SurePayroll

Glenview, Illinois, United States

SurePayroll, a privately held company founded in 2000, serves approximately 30,000 small businesses with its easy-to-use, online payroll product. The acquisition of SurePayroll expands the range of payroll alternatives Paychex offers. Small businesses that want more control of the payroll process will find that in SurePayroll's convenient, web-based platform, while businesses that prefer a higher level of interaction with a dedicated payroll specialist will have that in the Paychex model.

Buy $115M
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