TechDogs-"Generational Equity Advises Canadian Payroll Services in its Sale to Vensure Employer Solutions"

Financial Technology

Generational Equity Advises Canadian Payroll Services in its Sale to Vensure Employer Solutions

By Business Wire

Business Wire
Overall Rating

DALLAS--(BUSINESS WIRE)--Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client Canadian Payroll Services, Inc. (CPS) to Vensure Employer Solutions. The acquisition closed on April 13, 2023.

Founded in 2014, CPS is a trusted partner for international businesses seeking to navigate the complexities of hiring and managing talent in Canada. Their seasoned team brings unparalleled expertise, empowering businesses of all sizes to seamlessly expand their operations into Canada without the complexities of establishing a local entity.

Vensure Employer Solutions is the largest privately held organization in the HR technology and service sector, providing a comprehensive portfolio of solutions, including HR/HCM technology, managed services, and global business process outsourcing (BPO). The company and its service providers collectively serve over 95,000 businesses and process over $135B in annual payroll. As a “One Employer Solution” headquartered in Chandler, Arizona, Vensure helps thousands of businesses streamline and grow their operations with customized strategies that benefit both employers and employees.

The acquisition furthers Vensure’s existing focus on serving the Canadian market and marks another milestone in the company’s ongoing expansion into the global business market. Through Vensure, CPS will strengthen its employer of record (EOR) services and contract payroll and benefit offerings, while continuing to deliver a high level of employee administration support and attention to its customer base.

“The acquisition of CPS further solidifies our presence in the Canadian market,” said Alex Campos, CEO of Vensure Employer Solutions. “By combining the strengths of both companies, we are better positioned to serve in the Canadian market in more meaningful ways than each could individually.”

“Our clients will experience minimal operational changes but will enjoy the added benefit of accessing Vensure’s broad range of valuable products and services,” said Afifa Siddiqui, Founder & CEO of Canadian Payroll Services.

She added, “Businesses have depended on us to maintain compliance with HR-related regulatory requirements and have access to the necessary tools to support these areas. By joining Vensure, we are continuing to fulfill our commitment to continuously enhancing our clients’ experience.”

Since 2004, Vensure Employer Solutions has been a premier provider of HR services and technology for small and medium-sized businesses, maintaining a leading position in the industry. The company continues to expand its global reach through strategic acquisitions and partnerships. Its presence in Canada marks a significant step in expanding its expertise and proven track record to businesses across North America.

Generational Equity Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team led by Sr. Managing Director, M&A, Mike Hammer, with the support of Managing Director, M&A, Corey Painter successfully closed the transaction. Executive Managing Director and Group Leader, Randy Kamin established the initial relationship with CPS.

About Generational Equity

Generational Equity, Generational Capital Markets (member FINRA/SIPC), Generational Wealth Advisors, Generational Consulting Group, and DealForce are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.

With more than 350 professionals located throughout 16 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. The Generational suite of advisory services includes strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A services, digital services, and wealth management.

The M&A Advisor named Generational Equity Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year. The Global M&A Network named Generational USA Investment Bank of the Year in 2023. For more information visit or the Generational Equity press room.


Carl Doerksen

First published on Thu, Dec 21, 2023

Liked what you read? That’s only the tip of the tech iceberg!

Explore our vast collection of tech articles including introductory guides, product reviews, trends and more, stay up to date with the latest news, relish thought-provoking interviews and the hottest AI blogs, and tickle your funny bone with hilarious tech memes!

Plus, get access to branded insights from industry-leading global brands through informative white papers, engaging case studies, in-depth reports, enlightening videos and exciting events and webinars.

Dive into TechDogs' treasure trove today and Know Your World of technology like never before!

Disclaimer - Reference to any specific product, software or entity does not constitute an endorsement or recommendation by TechDogs nor should any data or content published be relied upon. The views expressed by TechDogs’ members and guests are their own and their appearance on our site does not imply an endorsement of them or any entity they represent. Views and opinions expressed by TechDogs’ Authors are those of the Authors and do not necessarily reflect the view of TechDogs or any of its officials. All information / content found on TechDogs’ site may not necessarily be reviewed by individuals with the expertise to validate its completeness, accuracy and reliability.


Generational Equity Wealth Management Business Process Outsourcing


Join The Discussion

  • Dark
  • Light