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Introducing Next-Generation Payroll Tech to Faculty; Payroll Growth Partners Acquires School Payroll Services, adds to PayBridge family.

PRIVATEJan 18, 2024

Acquiring Company

Payroll Growth Partners

Acquired Company

School Payroll Services

New YorkHendersonFinancial ServicesEducation

Description

Payroll Growth Partners (PGP) has announced the acquisition of School Payroll Services (SPS) to bring a host of benefits to the faculty and staff served by SPS. SPS joins the PayBridge family, gaining full access to next-generation payroll tools and services. The acquisition will enable SPS to leverage PGP’s state-of-the-art payroll technology, offering a wide range of innovative products and solutions such as the WageLink App and Early Wage Access (EWA) services. The collaboration aims to establish a top-tier payroll service for educators and administrators across more than a hundred schools nationwide, reflecting a shared commitment to innovation and efficiency in the educational sector.

Other recent acquisitions in Financial Services and Education

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Company Information

Company

Payroll Growth Partners

Location

New York, United States

About

Payroll Growth Partners invests in small- to medium-sized payroll companies in the U.S. that serve customers across a spectrum of industries and end markets. We seek to invest in payroll companies with high growth potential, high recurring revenue and strong cash flow profiles. We help entrepreneurs, founders, owners and other operators within the payroll sector achieve full or partial liquidity.

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Frequently asked

Who acquired School Payroll Services?

School Payroll Services was acquired by Payroll Growth Partners, based in New York. The deal was reported on January 18, 2024. Payroll Growth Partners invests in small- to medium-sized payroll companies in the U.S. that serve customers across a spectrum of industries and end markets. Payroll Growth Partners is privately held and operates in Financial Services.

When did Payroll Growth Partners acquire School Payroll Services?

Payroll Growth Partners's acquisition of School Payroll Services was reported on January 18, 2024. Payroll Growth Partners (PGP) has announced the acquisition of School Payroll Services (SPS) to bring a host of benefits to the faculty and staff served by SPS. SPS joins the PayBridge family, gaining full access to next-generation payroll tools and services. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does School Payroll Services do?

School Payroll Services (SPS) is a provider of payroll services for educational institutions, particularly charter schools. SPS is known for its expertise in serving charter schools and is associated with Charter School Management Corporation (CSMC). It is privately held, operating in Education, and is based in Henderson.

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