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H.I.G. Capital
Alight's $1.2 Billion Sale of Payroll and Professional Services Business to H.I.G. Capital: Introducing Strada
Alight, Inc. (NYSE: ALIT), a leading human capital technology and services provider, has completed the sale of its Professional Services and Payroll & HCM Outsourcing businesses to H.I.G. Capital for up to $1.2 billion. The newly independent business has been renamed Strada. Alight plans to use
Jul 12, 2024
H.I.G. Capital
Alight Announces Agreement to Sell Payroll and Professional Services Business for up to $1.2 Billion
Alight, Inc. announced the sale of its Payroll & Professional Services business to an affiliate of H.I.G. Capital for up to $1.2 billion, aiming to transform into a more focused employee wellbeing and benefits platform. This strategic move is expected to enhance Alight's margin profile by nearly
Mar 20, 2024
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