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Paychex to Acquire Paycor for $4.1 Billion

1/8/2025

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Summary

Story summary

Paychex is set to acquire Paycor for $4.1 billion, at $22.50 per share, with board approval.
This acquisition will strengthen Paychex's HR technology and broaden its customer reach.
Paycor, located in Cincinnati, supports over 49,000 clients and has approximately 2,900 employees.
The deal is expected to finalize in the first half of 2025, yielding annual cost savings of $80 million.

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Story summary

Paychex is set to acquire Paycor for $4.1 billion, at $22.50 per share, with board approval.
This acquisition will strengthen Paychex's HR technology and broaden its customer reach.
Paycor, located in Cincinnati, supports over 49,000 clients and has approximately 2,900 employees.
The deal is expected to finalize in the first half of 2025, yielding annual cost savings of $80 million.