Acrisure Acquires Heartland Payroll Solutions from Global Payments for $1.1B

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.

Cornerstone Global Management Acquires Paydrop

March 28, 2022

Payments & Fintech

Cornerstone Global Management, Inc. has acquired Paydrop in a cash-and-stock transaction, integrating Paydrop’s leadership and payment capabilities into Cornerstone’s Hedge payroll-to-crypto conversion platform. The deal expands Cornerstone’s ability to offer crypto and blended fiat/crypto payment services to freelancers, gig workers and traditional employers across the United States.

PayDay Employer Solutions Acquires StarPay Payroll & HR Solutions

December 14, 2021

Staffing & HR

PayDay Employer Solutions, a Bellmawr, New Jersey-based payroll and employer services provider, has acquired StarPay Payroll & HR Solutions of Long Island (Melville/Plainview, New York). The seller will retain StarPay's local service team and owner Cheryl Frankel in a client-facing role, and the deal expands PayDay's client roster to more than 3,000 companies while preserving StarPay's existing software and reporting.

G&A Partners Acquires Leading Edge Payroll and HR Solutions

April 22, 2020

Staffing & HR

G&A Partners, a national professional employer organization (PEO), acquired Leading Edge Payroll and HR Solutions, LLC, a Wisconsin-based HR outsourcing and payroll provider. The deal expands G&A Partners' Midwest presence, adds client accounts and talent, and retains Leading Edge's owner Laurie Stueber as a senior HR advisor while keeping client-facing employees in place.

iSolved HCM Acquires Sage Payroll Solutions (U.S. payroll outsourcing business)

January 15, 2019

Staffing & HR

iSolved HCM agreed to acquire Sage Payroll Solutions, the U.S. payroll outsourcing business of The Sage Group Plc. The deal adds more than 44,000 payroll customers and expands iSolved's employer reach to roughly 145,000, accelerating iSolved's midmarket HCM growth while enabling Sage to divest a non-core unit as it focuses on its SaaS strategy.

Heartland Payment Systems Acquires TouchNet Information Systems

June 30, 2014

Payments & Fintech

Heartland Payment Systems acquired TouchNet Information Systems, a provider of integrated commerce and payments solutions for higher-education institutions, for $375 million. The deal adds TouchNet's U.Commerce platform, ~180 employees and more than 600 higher-education clients to Heartland's Campus Solutions business, positioning Heartland as a leader in the higher-education payments market.