Efficient Forms acquired by Housatonic Partners
Deal Synopsis
Efficient Forms was acquired by Housatonic Partners and other investors through an LBO on July 27, 2017 for an undisclosed sum. The company was recapitalized as a result of the transaction. Efficient Forms plans to use the investment to finance its growth, extend its suite of products, and provide SaaS technology that will help payroll service bureaus and hourly employees.
Seller Details
Efficient Forms develops a cloud-based HR software designed for organizations to streamline the employee onboarding process. The company operates as a provider of HR software and services for human capital management (HCM) and tax credit processing, including applicant tracking system, onboarding, e-verify, work opportunity tax credits, and affordable care act compliance services to customers including quick-serve restaurants, call centers, staffing firms, retailers, and payroll service bureaus, enabling customers to save time, money, and resources throughout the employee onboarding process, lessening the burden on human resources, and accelerating productivity.
Buyer Details
Housatonic Partners is a private equity firm based in Boston, Massachusetts. The firm prefers to invest in small to mid-sized companies operating in the recurring business services, technology, media, healthcare, and communication sectors. The firm provides equity commitments for growth, minority recapitalization, and buyout transactions.