WayPoint Capital Partners and GearBox Capital Lead Recapitalization of Greenshades Software
October 4, 2022
WayPoint Capital Partners and GearBox Capital led an investor group that recapitalized Greenshades Software, with SFW Capital Partners retaining a minority stake. Greenshades, headquartered in Jacksonville, Florida, provides payroll, payroll tax, and HCM software for mid-market employers and will pursue continued product and go-to-market growth under the new ownership group. Terms were not disclosed.
- Buyers
- WayPoint Capital Partners, GearBox Capital
- Targets
- Greenshades Software
- Sellers
- SFW Capital Partners
- Industry
- Cloud & SaaS
- Location
- Florida, United States
- Transaction Type
- Recapitalization
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SFW Capital Partners has made a strategic investment in Greenshades Software in partnership with Greenshades' co-founders, David Rosas and Matt Kane. Greenshades, a Jacksonville-based provider of payroll tax and HCM software serving more than 4,000 mid-market customers, will use the investment to expand its product portfolio, enhance sales and marketing, enter new markets, and accelerate growth.
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