Paychex, a benefits, HR, and payroll company, has agreed to acquire Paycor HCM Inc. for $4.1 billion in cash, consolidating two significant players in the fragmented human-resources software market. The acquisition, which values Paycor at $22.50 per share (a 21% premium) will enhance Paychex’s AI-driven HR capabilities and expand its customer base of over 745,000 clients. Expected to close in the first half of 2025, the deal represents Paychex’s largest acquisition to date and will be financed through incremental debt, with advisory from JPMorgan and Goldman Sachs.
Paychex Strikes $4.1 Billion Deal for Rival Payroll Firm Paycor
