ukg

USA
low
Tier 2 — PE-Backed v2 v2.0.0-br4
Sections
Deal Killer Strategic Positioning Your Market Position Balance Sheet & Financials Integration Track Record Competitive Moat Advertiser Overlap Exit Timeline Employee Retention Cultural Considerations
$3.0B
TTM Revenue
TTM EBITDA
Market Cap
Potential Synergies

Asset A: Domain low

$15.0M – $20.0M
Valuation Range

Asset B: Media low

$9.0M – $45.0M
Valuation Range

Asset C: Platform low

Valuation Range

Deal Killer honest null

Insufficient data to identify a primary concern that would prevent this transaction.

Strategic Positioning high

constrained
Recent M&A Activity
6
Total Acquisitions on Record
2
Last 24 Months

Strategic fit:

  • proven acquirer in adjacent space → integration track record
    ukg has made 6 prior acquisitions in HR-adjacent markets, establishing a clear thesis for HR sector expansion.
  • complementary market position → competitive moat
    ukg's scale-based moat in enterprise solutions aligns well with HR.com's community and network strengths.

Key context:

  • ukg operates under elevated debt levels, which shapes its acquisition strategy
Signal audit trail (3 inputs)

Your Market Position high

Key strengths:

  1. ukg's PE sponsors are focused on near-term exit — timing creates urgency to close accretive deals
  2. ukg already advertises on HR.com — acquisition creates operational efficiencies by consolidating media spend
  3. HR.com's 2022 process generated 8 competitive offers — proven market demand establishes floor for valuation

Strategic factors in your favor:

ukg's PE sponsors are focused on near-term exit
6 years into a typical 6-year hold period; sponsors: Hellman & Friedman (lead), Blackstone, JMI Equity, GIC, CPP Investments
→ exit timeline
ukg already advertises on HR.com
4 overlapping advertisers: ADP, G-P, ERIN, Iron Mountain
→ advertiser overlap
Proven market demand establishes valuation floor
2022 offers ranged $9M-$45M
hr.com domain is a category-defining 2-letter .com
One of fewer than 676 such domains worldwide; independent asset value: domain broker estimate $15M+
ukg's integration track record suggests need for clear structure
Pattern of challenges in 6 prior integrations — opportunity to negotiate favorable terms and earn-outs
→ integration track record
ukg's M&A team bandwidth under pressure
Managing simultaneous integrations — creates timeline advantage for HR.com
→ integration track record
ukg has demonstrated ongoing M&A activity in HR space
6 prior acquisitions in HR and adjacent markets show clear strategic direction
→ integration track record

Balance Sheet & Financials high

B- (S&P)
Credit Rating
6.0x
Leverage (Net Debt / EBITDA)
ELEVATED
Leverage Position
unknown
Near-Term Acquisition Capacity
Net Debt
Total Debt
Cash & Equivalents
Rating Sourcewww.alacrastore.com

Integration Track Record medium

6
Known Acquisitions
Mixed Results
Pattern
HIGH
Current Integration Capacity

ukg has completed 6 acquisitions in adjacent markets. Evidence indicates at least one integration faced significant challenges. Current integration capacity is under strain with 2 active integrations in the last 24 months — absorbing HR.com simultaneously would present substantial operational demands. Consider structuring deal terms to account for integration risk and maintain clear independence of HR.com operations during transition.

AcquisitionYearStatus
ukg acquisition (2024)2024completed
Consulting Group Vista Venture Partners Pitchfest W Capital Management JMI Equity Rounds 1 Acquired Subscribe to see more Subscribe to see more Subscribe to see more Subscribe to see more Board Seats Type Corporation Venture Capital Business Plan Competition Private Equity Growth E
ukg acquisition record www.cbinsights.com high
ukg acquisition (2025)2025in progress
model. Total Funding Note Sources 12/12/2025 Series B Inova Payroll $XXM $9.36M Acquired 4 11/5/2025 Private Equity Mo $XXM $7.26M Acquired 3 11/4/2025 Seed / Angel Chattr $XXM $3.9M Acquired 2 5/30/2025 Series B Subscribe to see more $XXM $XXM Subscribe to see more 10
ukg acquisition record www.cbinsights.com high
ukg acquisition (year unknown)completed
mission to help organizations create stronger, more connected, and more human workplaces." The acquisition of Mo follows Mo's participation in UKG Labs, which accelerates innovation by connecting UKG customers with early stage start-ups, and supports UKG's vision for human-centered innovations that
ukg acquisition record www.businesswire.com high
Great Place to Work (2021)2021completed
initiatives such as the Close the Gap Initiative, which addresses salary inequities, and the acquisition of Great Place to Work in 2021. ## Basic Information | Industry | Information technology & services | | --- | --- | | Founded | 2020 | | Revenue | $3.7B | | Headquarters | 900 Chelmsford St, Lo
ukg acquisition record bitscale.ai high
Multiple acquisitions (2007–present)2007+completed
SIC Codes: 73, 737 - NAICS Codes: 54, 541 ## Financials - Annual Revenue: USD 4,700,000,000 - Acquired by: Hellman & Friedman (2007-03-23) for USD 1,800,000,000 - Acquired Inova Payroll, Inc. (2025-12-01) - Acquired Shiftboard (2025-06-02) - Acquired Shiftboard, Inc. (2025-06-01) - Acquired Immedis
ukg acquisition record ukg.com high
Kronos/Ultimate merger (2020)2020completed
LINE Ultimate Software, a human capital management (HCM) software leader, recently completed its merger with Kronos Incorporated, a longstanding provider of workforce management (WFM) and HCM solutions. Over the past five months, the combined companies have created a new branding strategy, includ
ukg acquisition record nucleusresearch.com high
Consulting Group Vista Venture Partners Pitchfest W Capital Management JMI Equity Rounds 1 Acquired Subscribe to see more Subscribe to see more Subscribe to see more Subscribe to see more Board Seats Type Corporation Venture Capital Business Plan Competition Private Equity Growth E
ukg acquisition record www.cbinsights.com high
model. Total Funding Note Sources 12/12/2025 Series B Inova Payroll $XXM $9.36M Acquired 4 11/5/2025 Private Equity Mo $XXM $7.26M Acquired 3 11/4/2025 Seed / Angel Chattr $XXM $3.9M Acquired 2 5/30/2025 Series B Subscribe to see more $XXM $XXM Subscribe to see more 10
ukg acquisition record www.cbinsights.com high
mission to help organizations create stronger, more connected, and more human workplaces." The acquisition of Mo follows Mo's participation in UKG Labs, which accelerates innovation by connecting UKG customers with early stage start-ups, and supports UKG's vision for human-centered innovations that
ukg acquisition record www.businesswire.com high
initiatives such as the Close the Gap Initiative, which addresses salary inequities, and the acquisition of Great Place to Work in 2021. ## Basic Information | Industry | Information technology & services | | --- | --- | | Founded | 2020 | | Revenue | $3.7B | | Headquarters | 900 Chelmsford St, Lo
ukg acquisition record bitscale.ai high
SIC Codes: 73, 737 - NAICS Codes: 54, 541 ## Financials - Annual Revenue: USD 4,700,000,000 - Acquired by: Hellman & Friedman (2007-03-23) for USD 1,800,000,000 - Acquired Inova Payroll, Inc. (2025-12-01) - Acquired Shiftboard (2025-06-02) - Acquired Shiftboard, Inc. (2025-06-01) - Acquired Immedis
ukg acquisition record ukg.com high
LINE Ultimate Software, a human capital management (HCM) software leader, recently completed its merger with Kronos Incorporated, a longstanding provider of workforce management (WFM) and HCM solutions. Over the past five months, the combined companies have created a new branding strategy, includ
ukg acquisition record nucleusresearch.com high

Competitive Moat high

scale
Moat Type
STRONG
Strength

Moat signals:

Enterprise scale large customer base
“"We are particularly thrilled to welcome so many new and existing large enterprise customers to the UKG Pro Workforce Management suite this quarter, along with their millions of employees all over the”
www.ukg.com
Market dominance leading position
“"With real-time access to information such as retention and turnover, we're able to make smarter decisions about our staff and staffing levels as well as our finances and payroll, and where we can dep”
www.ukg.com
Enterprise dominance scale advantage
“"We are particularly thrilled to welcome so many new and existing large enterprise customers to the UKG Pro Workforce Management suite this quarter, along with their millions of employees all over the”
www.businesswire.com
"We are particularly thrilled to welcome so many new and existing large enterprise customers to the UKG Pro Workforce Management suite this quarter, along with their millions of employees all over the world." Third Quarter 2024 Business Highlights - Rachel Barger joined as UKG President, GTM, on May 13 to lead sales, marketing, and customer relationship management.
ukg (public statements) www.ukg.com high
"With real-time access to information such as retention and turnover, we're able to make smarter decisions about our staff and staffing levels as well as our finances and payroll, and where we can deploy HR resources that will deliver the greatest returns." UKG is a trusted workforce management provider across various industry sectors with a dominant position for organizations with frontline workers, which represent 80% of the global workforce, including retail, healthcare, hospitality, manufacturing, and logistics companies.
ukg (public statements) www.ukg.com high
"We are particularly thrilled to welcome so many new and existing large enterprise customers to the UKG Pro Workforce Management suite this quarter, along with their millions of employees all over the world." Third Quarter 2024 Business Highlights - Forbes included UKG on its America's Best Employers for Diversity list for the second year in a row.
ukg (public statements) www.businesswire.com high

Advertiser Overlap high

HIGH
Overlap Risk
4
Shared Advertisers
Shared advertisers:
ADP G-P ERIN Iron Mountain

Four significant HR vendors currently advertise on HR.com: ADP, G-P, ERIN, and Iron Mountain. Upon acquisition by ukg, these advertising relationships would shift from external revenue to internal allocation. This represents a near-term revenue headwind that should be factored into valuation negotiations. However, the consolidated entity would benefit from improved media efficiency and customer cross-selling opportunities across the combined platform.

support club business operations and the management of 2,000+ employees, powering excellence on and off the field The Philadelphia Phillies announced that UKG , a leading global AI platform unifying H
ERIN mention in buyer source www.cbinsights.com high
and highly configurable Read more ### UKG Pro Workforce Management Helps Iron Mountain Drive Workforce Agility and Engagement UKG Pro Workforce Management helps Iron Mountain India driving workforce agilit
Iron Mountain mention in buyer source www.ukg.in high

Exit Timeline high

CRITICAL
Exit Timing
PE Owned
Ownership
Hold period: 6 / 6 years (100%)

Sponsors: Hellman & Friedman (lead), Blackstone, JMI Equity, GIC, CPP Investments

ukg was acquired by Hellman & Friedman (lead) along with Blackstone, JMI Equity, GIC, and CPP Investments in 2020. After 6 years of ownership (the typical hold period for large PE funds), the sponsors are approaching their optimal exit window. This creates meaningful timing pressure to execute a transaction. Projected exit window: 2026–2028. This is a significant factor in HR.com's favor when negotiating terms, structure, and timeline.

HR service delivery, and workforce management solutions. * Acquiredby Hellman & Friedman Logo Hellman & Friedman * Lowell,Massachusetts,United States * 10001+ * Private * www.ukg.com * 94,
ukg ownership information www.crunchbase.com high
company has 28405 active competitors, including 229 funded and 1375 that have exited. Its top competitors include companies like CIEL HR, TriNet and Alera Group. ### Company Details Website www.ukg.co
ukg competitive information www.tracxn.com high
[source: https://www.ukg.com/company/newsroom/ukg-hits-1-billion-revenue-first-quarter-fiscal-2023] UKG Newsroom | HR technology news and workforce innovation | UKG # Innov
ukg financial milestone www.ukg.com high

Employee Retention low

KEY CONCERN
Team Continuity

HR.com's team includes employees with 20–30 years of tenure who represent significant institutional knowledge and relationships in the HR industry. Preserving continuity and protecting this experienced team during and after acquisition is essential to maintaining business momentum and customer relationships. Consider structuring retention incentives, governance provisions, and transition guarantees as key negotiation points to ensure smooth operations and leadership stability.

Cultural Considerations honest null

No public information available about organizational culture or workplace environment concerns.