January 5, 2017

BGL Announces the Sale of HR Solutions Provider Personnel Management Systems

Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Personnel Management Systems, Inc. (PMSI) to Asure Software, Inc. (NASDAQ:ASUR). BGL’s Business Services team served as the exclusive financial advisor to PMSI in the transaction.

Personnel Management Systems (PMSI) is one of the largest providers of HR services in the Pacific Northwest. The company operates a full-service HR outsourcing model to address HR issues for small- and mid-sized businesses in the following areas: employment, group benefits, management resources, policy and procedures, HR administration, wage and salary issues, employee relations, training and development, safety and drug programs, and recruiting. PMSI was founded in 1987 and is based in Seattle, Washington.

With the acquisition, Asure will expand into HR consulting and enhance its software and service offering. Asure’s suite of offerings ranges from HCM workforce management solutions, time and attendance to workspace asset optimization and meeting room management solutions.

PMSI President, Jack Goldberg, commented,” I want to sincerely thank the Business Services team at BGL for their advice and effort throughout the process that culminated in the sale of PMSI to Asure Software. As the leading provider of HR services in the Seattle area for over 25 years, we are very proud of our people and the quality of our work. Asure Software is an excellent partner. The acquisition provides us with new client tools and resources, and allows us to expand our model nationwide and eventually on a global scale.”

The BGL Business Services team is a leading advisor in the HR and HR technology sector. PMSI is the third closed transaction in the space in the last six months.

About Brown Gibbons Lang & Company

Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in Business Services, Consumer, Environmental & Industrial Services, Healthcare & Life Sciences, Industrials, and Real Estate. BGL has offices in Chicago, Cleveland, and Philadelphia and real estate offices in Chicago, Cleveland, Irvine, and San Antonio, in addition to Global M&A partner offices in more than 50 countries across 5 continents. BGL is able to deliver to our clients unparalleled access to strategic relationships, investors, and opportunities globally. For more information, please visit www.bglco.com.