Pyramid Time Systems (a leader in time and attendance solutions and synchronized time systems) announced it has been acquired by a private investment group led by Falx Capital.
Since its founding in 1969, Pyramid Time Systems has grown to become a trusted provider of time systems to more than 30,000+ companies across North America. For over 55 years, the company has served the healthcare, education, manufacturing, and professional sports industries.
In connection with this deal, Falx Capital is partnering with John (Jack) Kiley, an experienced Fortune 500 leader, who will serve as the company’s CEO and President to lead Pyramid Time Systems through its next growth phase.
The company’s current owners John Augustyn and George Bucci will retire after assisting in the transition, while the rest of the Pyramid Time Systems team will remain with the company and support the business on its next leg of growth.
KEY QUOTES:
“Pyramid Time Systems is a key player in the time system solutions, and I am excited to leverage my experience, along with Falx Capital and the Pyramid Time System team’s expertise, to advance the Company’s mission and provide the best possible solutions for our clients.”
- Jack Kiley
“We look forward to working with the Pyramid Time Systems’ team to pursue exciting strategic initiatives, as we seek to enhance the Company’s product offerings, invest in growth and continue the company’s legacy.”
- Merrill Matthews, Managing Partner at Falx Capital
“I am tremendously proud of the business we’ve built over the last two plus decades and the growth the company has achieved. I look forward to watching the company continue along its exciting trajectory.”
- The company’s former owner John Augustyn
