Public Company Software

Paychex

Rochester, New York, United States

Paychex, Inc. (Nasdaq: PAYX) is a leading provider of integrated human capital management solutions for payroll, benefits, human resources, and insurance services. Paychex combines digital HR technology with advisory solutions for employers and employees.

Focus Areas
Human Capital Management (HCM) software, Payroll software, Benefits administration
Website
paychex.com

Tracked deals

4

4 tracked deals across 2021-2025.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Buyout

3 buyout · 1 divestiture

Paychex Acquisition Volume by Year

Last 3 years

Acquisition volume by year Annual acquisition counts for the last 3 years for Paychex. 1 2021 1 2023 2 2025

Supporting Data

Recent Transactions

  • Buyer
    Paychex
    Target
    SixFifty Technologies, LLC
    Seller
    Wilson Sonsini Goodrich & Rosati
    Industry
    Staffing & HR

    Paychex has acquired SixFifty Technologies, the legal-technology subsidiary of law firm Wilson Sonsini Goodrich & Rosati. The deal — terms undisclosed — transfers SixFifty's employment-law compliance and document-automation platform to Paychex to broaden its HCM and compliance capabilities.

  • Buyer
    Paychex, Inc.
    Target
    Paycor HCM, Inc.
    Seller
    Funds advised by Apax Partners LLP (Apax Funds), Paycor stockholders
    Industry
    Cloud & SaaS
    Type
    Buyout

    Paychex, Inc. has completed the all-cash acquisition of Paycor HCM, Inc. for $22.50 per share, representing approximately $4.1 billion of enterprise value. Funds advised by Apax Partners (the majority Paycor shareholder) and other Paycor stockholders sold their interests; Paychex expects more than $80 million in annual cost synergies and expanded upmarket and revenue opportunities from the combined HCM offerings.

  • Buyer
    Paychex, Inc.
    Target
    Alterna Capital Solutions, LLC
    Seller
    Alterna Equity Partners
    Type
    Buyout

    Paychex, Inc. acquired Alterna Capital Solutions, LLC (ACS), a specialty finance provider focused on invoice financing and asset-based lending for small- and medium-sized businesses. The transaction—an exit for Alterna Equity Partners—closed effective July 31, 2023; terms were not disclosed. Legal counsel to ACS and AEP was Greenberg Traurig and Hovde Group served as exclusive financial adviser to ACS.

  • Buyer
    Paychex, Inc.
    Target
    Flock
    Industry
    Cloud & SaaS
    Type
    Buyout

    Paychex, Inc. has acquired Flock, a San Francisco–based benefits enrollment and administration and HRIS provider. The acquisition brings Flock’s benefits administration and onboarding software into Paychex’s HCM suite to expand Paychex’s digital HR and benefits capabilities; terms were not disclosed and Flock employees will join Paychex.

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