CompuPay Gets $20M Investment

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Thursday, Dec 10 2009

News

Written by The Progressive Accountant

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MIRAMAR, Fla. - CompuPay, a payroll services company that has been in a growth mode, has received a $20 million equity investment from its majority shareholder, Willis Stein & Partners, a Chicago-based investment firm.

CEO Charlie Lathrop said CompuPay will utilize the investment to expand its sales force in new and existing markets and continue to grow by acquiring other payroll providers. Purchases have includeded Infinity Payroll, acquired in September and Advanced Payroll Systems and Key Payroll Online, which it picked up in 2008.

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