Deal Details
Sale to ADP
Summary
Baird served as the exclusive financial advisor to Celergo LLC on this transaction
About
Celergo LLC (“Celergo”), a portfolio company of Frontier Capital (“Frontier”), recently announced its sale to ADP. Terms of the transaction were not disclosed.Founded in 2003, Celergo provides multi-country payroll in 150 countries and combines a proprietary cloud-based technology platform with a local provider network to enable timely, accurate and compliant payroll. With comprehensive solutions and an attractive financial profile, Celergo has steadily grown its client base, geographic coverage and partner network. The multi-country payroll outsourcing market is over $3 billion today and is growing rapidly as companies are looking for greater visibility over their increasingly global workforce, while efficiently managing the compliance elements of multi-country payroll. Celergo is headquartered in Chicago, Illinois.
Frontier Capital is a growth equity firm focused exclusively on software and technology-enabled business services companies. Founded in 1999, Frontier partners with management teams that can benefit from capital to accelerate growth, fund acquisitions or generate shareholder liquidity. The firm makes minority and majority equity investments in high-growth companies. Frontier is headquartered in Charlotte, North Carolina.
ADP delivers powerful technology plus a human touch. Companies of all types and sizes around the world rely on ADP cloud software and expert insights to help unlock the potential of their people. HR. Talent. Benefits. Payroll. Compliance. Working together to build a better workforce. For more information, visit ADP.com. ADP is headquartered in Roseland, New Jersey.
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- Date
- August 2018
- Company
- Celergo LLC
- Transaction
- M&A
- Sectors
- Technology & Services
- Target Geography
- North America
- Acquiror Geography
- North America
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