Paychex (NASDAQ:PAYX), a leading human capital management (HCM) company, announced today that it has successfully completed its acquisition of Paycor (NASDAQ:PYCR), a provider of HCM, payroll, and talent software.
The all-cash transaction involved Paychex acquiring 100% of Paycor for $22.50 per share, valuing the deal at approximately $4.1 billion in enterprise value.
“The Paycor acquisition unites two industry leaders with unrivaled AI-enabled technology supported by world-class service and advisory capabilities,” said John Gibson, Paychex president and CEO.
“Together, we are reimagining how companies address the needs of today’s workforce with the most comprehensive, flexible, and innovative HCM solutions in the industry.”
Meanwhile, the combined portfolio is expected to enhance Paychex’s offerings across all market segments, with projected annual cost synergies exceeding $80 million in fiscal 2026.