Paychex, Inc. acquires InterPay, Inc.

On April 1, 2003, Paychex, Inc. acquired InterPay, Inc., a staffing company in New Jersey, United States, from FleetBoston Financial Corp.

Deal at a glance

AnnouncedApril 1, 2003 TypeDivestiture TargetInterPay, Inc. Buyer Paychex, Inc. Seller FleetBoston Financial Corp. SectorStaffing LocationNew Jersey, United States ValueMembers only

Target company

InterPay, Inc.

New Jersey, United States

Staffingsector

-founded

Activestatus

View the company profile →

Buyer

Paychex, Inc.

Company · 21 deals on record

2nd transaction in staffing
4th transaction in United States

21deals, all time

4in this sector

2021latest

Seller

FleetBoston Financial Corp.

Company · 5 deals on record

5investments

1in this sector

3exits

Members only

Contact details at the buyers and sellers

The full deal history of every party

Co-investors and the other advisors on this deal

Deal value and revenue or EBITDA multiples

Related deals

Software Resources, Inc. (SRI)Same sector and country · Oct 2026

Paramount Placement LLCSame sector and country · Aug 2026

Safe T Professionals LLCSame sector and country · Oct 2025

Questions about this deal

Who acquired InterPay, Inc.?Paychex, Inc. acquired InterPay, Inc. on April 1, 2003.

Who sold InterPay, Inc.?FleetBoston Financial Corp. was the seller.

What type of deal was it?It was a divestiture in the staffing sector in 2003.

See the full picture on AcquityDataContacts, full deal histories, co-investors and deal values. Free for a day with your Google account, no card needed.

Try it free

Data updated daily on AcquityData (Acquity Data).