Abbott, Stringham & Lynch Acquires ArightCo

H.I.G. Capital to Acquire Alight’s Payroll and Professional Services Business for Up to $1.2 Billion

March 21, 2024

IT Services

H.I.G. Capital announced that an affiliate has signed a definitive agreement to acquire Alight, Inc.’s Payroll and Professional Services Business for up to $1.2 billion. The transaction is expected to close by mid-year and is structured as $1 billion in cash plus up to $200 million in seller notes, subject to customary closing conditions.

Baker Tilly US Acquires ACG, LLP

December 1, 2022

Accounting & Tax

Baker Tilly US, LLP has acquired Bay Area tax consultancy ACG, LLP, effective Dec. 1, 2022. The deal brings ACG's ~50 tax professionals into Baker Tilly to expand the firm's high-end corporate tax capabilities—particularly in the technology and transportation sectors—and strengthen its Bay Area presence following a recent acquisition of True Partners Consulting.

VC3 Acquires I.T. Right, Inc.

November 9, 2021

IT Services

Managed services provider VC3 acquired I.T. Right, Inc., a Michigan-based network consultant for local governments, in a transaction that closed on November 9, 2021. The deal brings I.T. Right’s municipal-focused capabilities and client relationships into VC3’s larger government-focused MSP platform to expand geographic coverage and cybersecurity/service offerings for municipalities.

Foley Trasimene Acquisition Corp. Completes Business Combination with Alight Solutions

July 6, 2021

Cloud & SaaS

Foley Trasimene Acquisition Corp. completed its business combination with Alight Solutions, taking Alight public on the NYSE under the ticker ALIT on July 2, 2021. The transaction positions Alight to pursue BPaaS transformation, continued M&A activity and further investment in its cloud-based human capital and payroll platform.

Swizznet Acquires RightSize Solutions

November 9, 2020

IT Services

Chesterfield, Missouri-based Swizznet, a cloud-hosting and accounting-focused software provider in the Bluff Point Associates portfolio, has acquired Lenexa, Kansas-based RightSize Solutions, an outsourced IT and cybersecurity provider for independent registered investment advisers (RIAs). The deal expands Swizznet's cybersecurity, compliance and managed-technology offerings for the financial services and accounting markets as an add-on to its existing platform.

Gridiron Capital Acquires AML RightSource from Clarion Capital

September 22, 2020

Professional Services

Gridiron Capital has acquired AML RightSource from Clarion Capital Partners, partnering with AMLRS founders and management to drive the company's next phase of growth. AML RightSource, headquartered in Cleveland, Ohio, is a leading outsourced provider of AML, KYC and BSA compliance solutions with over 1,000 employees serving banks and non-bank financial institutions across North America.