Vensure gets $500Mn to expand M&A strategy
ARIZONA, UNITED STATES – Human resources firm Vensure Employer Solutions (Vensure) has received a senior secured financing worth $500 million led by private equity firm Stone Point Capital Market.
Vensure aims to use $450 million of the new investment to fund its mergers and acquisitions ventures. The fund, which came as a Delayed Draw Term Loan B, increased from the initial $250 million. Vensure also received $50 million as a Revolving Credit Facility.
A Delayed Draw Term Loan allows a borrower to withdraw predefined amounts of a total pre-approved loan amount. A Term Loan B, made by institutional investors, typically matures within six to seven years and has a small repayment schedule.
Since 2017, Vensure has acquired and integrated over 58 firms. Thirty-four of these deals came in after Stone Point Capital’s investment in 2021.
Vensure chief executive officer Alex Campos said: “We see tremendous market opportunities going into 2024 and this funding will allow us to continue the accelerated growth trajectory we’ve experienced since we began working with Stone Point Capital.”
Earlier this month, Vensure acquired resource services firm Canadian Payroll Services (CPS), expanding its North American presence. In November, the staffing firm acquired HR solutions provider Resource Management Inc.
Related news
- Conduent develops new ticketing software for Trenord · 2 Jan
- Vensure appoints staffing vet as CGO and Board Member · 31 Jan
- Vensure acquires Canadian payroll firm, expands to North America · 18 Dec 2023
Disclosure: Outsource Accelerator uses AI tools in the backend of its editorial workflow. Every article is reviewed and verified by a human editor before publication.
Stay ahead of the outsourcing industry. Join thousands of business leaders who rely on Outsource Accelerator for the news, trends, and expert insights that matter. Subscribe to our free newsletter and never miss an update.
