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

Jan 18, 2024almost 2 years ago

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.

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.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed