Sale to Automatic Data Processing, Inc.

Technology & Services
Sale to Automatic Data Processing, Inc.

Summary

Baird served as the exclusive financial advisor to The RightThing, LLC

About

The RightThing, LLC (“The RightThing” or the “Company”) recently completed its sale to Automatic Data Processing, Inc. (“ADP”) (NASDAQ-GS: ADP). The RightThing was majority-owned by its management team and minority-owned by Kayne Anderson Capital Advisors, LP (“Kayne Anderson”). Terms of the transaction were not disclosed.

The RightThing is a leading provider of recruitment process outsourcing services. Using proprietary technology, The RightThing offers innovative, scalable solutions along with unique sourcing strategies to help clients find, recruit, hire and retain world-class talent. The RightThing offers recruiting solutions to small, medium and large organizations, serving many of the world’s leading companies. The RightThing is also the parent company of AIRS, a widely recognized leader in recruitment training and technology.

ADP is one of the world's largest providers of business outsourcing solutions. Leveraging over 60 years of experience, ADP offers a wide range of human resource, payroll, tax and benefits administration solutions from a single source. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle and heavy equipment dealers throughout the world.

Kayne Anderson, through Kayne Anderson Growth Equity, has been an active investor in private equity for over 15 years. Through a number of funds, Kayne Anderson has invested in both public and private companies in various forms, including secured debt, convertible preferred and direct equity investments.

For additional information about this transaction, please contact:

Brian Doyal (312) 609-4916
Bret Schoch (312) 609-4965
David Silver +44 (0) 20 7667 8216
Tyler Pace (312) 609-4672
Technology & Services
Sale to Automatic Data Processing, Inc.
Date
October 2011
Company
The RightThing, LLC
Transaction
M&A
Sectors
Technology & Services
Target Location
North America
Acquiror Location
North America

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