Silver Lake Invests in ProService as FFL Partners Exits
May 22, 2023
Silver Lake has partnered with the ProService management team and employee owners to invest in ProService, a Hawaii‑headquartered provider of bundled HR and PEO services. The transaction represents FFL Partners' exit after a six‑year partnership during which ProService grew roughly 2.5x; Silver Lake will support expansion of the company's technology and insurance capabilities and broader market growth.
- Buyers
- Silver Lake, ProService management team and employee owners
- Targets
- ProService
- Sellers
- FFL Partners
- Industry
- Staffing & HR
- Location
- Hawaii, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
FFL Partners Completes Investment in Optomi Professional Services
December 16, 2021
IT Services
FFL Partners, a San Francisco-based private equity firm, completed a significant investment in Optomi Professional Services, a 100% U.S.-based provider of IT consulting, staff augmentation (Optomi) and domestic rural outsourcing (Provalus). The partnership will support OPS' growth plans — including expanding Provalus delivery centers and broadening Optomi's IT consulting and managed services reach — with financial terms not disclosed.
-
ProService Hawaii Acquires Makai HR
May 23, 2023
Staffing & HR
ProService Hawaii has acquired Makai HR, a Hawaii-based HR administration and PEO provider that serves roughly 200 client employers (about 4,000 worksite employees). Makai's staff and executive team will join ProService Hawaii, expanding ProService's local client base and HR/PEO capabilities and supporting accelerated technology development.
-
Jones Lake Management Acquires FishPro, LLP
March 19, 2024
Environmental Services
Jones Lake Management, a Cincinnati-based provider of pond and lake management services, has assumed service of all customers of FishPro, LLP of Muncie, Indiana. The transaction strengthens Jones Lake Management's presence in Central and Northern Indiana and consolidates FishPro's customer base under Jones Lake's operations; Jones Lake is backed by Fort Point Capital.
-
Silver Lake Takes Significant Stake in EverCommerce
July 23, 2019
Cloud & SaaS
Silver Lake will acquire a significant ownership stake in EverCommerce and will partner with existing majority shareholder Providence Strategic Growth (PSG). The investment will support EverCommerce's continued acquisitions of technology solutions and expansion of its shared services and center of excellence capabilities to accelerate growth.
-
FTV Capital Invests $100M in LoanPro (Series A)
July 7, 2021
Cloud & SaaS
FTV Capital has made a $100 million growth equity investment in LoanPro, a Farmington, Utah-based SaaS loan management, servicing and collections platform. The capital will be used to enhance LoanPro's platform functionality, enter new lending verticals, and accelerate client-focused growth initiatives; FTV partner Robert Anderson will join LoanPro's board.
-
Silver Lake Makes €600M Strategic Minority Investment in TeamSystem
May 19, 2023
Software
Silver Lake has agreed to acquire a €600 million minority stake in TeamSystem from Hellman & Friedman, with H&F remaining the majority shareholder. The investment will back TeamSystem’s continued expansion of its cloud business software, fintech and AI offerings across Italy and Spain and support further growth initiatives.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.