TriNet Group, Inc.
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TriNet Group, Inc. - overview
Established
1988
Location
Dublin, CA, US
Primary Industry
Outsourcing
About
TriNet Group, Inc. provides comprehensive HR solutions as a Professional Employer Organization (PEO), specializing in services for small to medium-sized businesses across various industries. Founded in 1988, TriNet Group, Inc. operates primarily as a Professional Employer Organization (PEO) based in Dublin, US.
The company has completed 6 investment deals since its inception. The firm’s latest funding round was a Trade Sale in December 2016, raising USD 440. 00 mn from Atairos, which acquired shares from General Atlantic. The company was founded by Pauline Sheldon and Ted Firestone, with Burton Goldfield serving as the current CEO.
TriNet operates primarily as a Professional Employer Organization (PEO), offering comprehensive HR solutions tailored for small to medium-sized businesses (SMBs). Their core product offerings encompass payroll processing, risk mitigation, compliance support, and benefits administration. The company's platform provides clients with access to technology that streamlines HR processes, allowing businesses to focus on their core competencies. TriNet's services are designed to address complex HR challenges, including navigating federal, state, and local regulations while ensuring timely payroll and compliance with employment laws.
TriNet generates revenue primarily through subscription-based models, where businesses pay for access to its suite of HR services. The pricing structure includes a per-employee fee, facilitating predictable revenue streams. In 2024, TriNet processed USD 53. 50 bn in payroll, indicating a robust transactional volume.
In the same year, TriNet reported a revenue of USD 5,053. 00 mn and an EBITDA of USD 299. 00 mn, showcasing the operational efficiency of its offerings. TriNet plans to utilize its recent funding to enhance its product offerings and expand into new markets.
The company intends to launch new HR solutions to cater to evolving client needs, with specific release dates to be announced in the future. Additionally, TriNet is targeting expansion into international markets, with plans to establish a presence in Europe and Asia by 2025. The funding from the latest Trade Sale will be instrumental in supporting these strategic initiatives and facilitating growth in these regions.
Current Investors
Bessemer Venture Partners
Primary Industry
Outsourcing
Sub Industries
Offshore IT Services/IT Outsourcing, Human Resources Services, Recruitment/Executive Search
Website
www.trinet.com
Company Stage
Acquired
Total Amount Raised
Subscriber access only
TriNet Group, Inc. - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 2,193,531,000 | 2,659,288,000 | 3,060,313,000 | 3,275,000,000 | 3,503,000,000 | 3,856,000,000 | 4,034,000,000 | 4,540,000,000 | 4,885,000,000 | - | - | - |
| % Revenue Growth (YoY) | - | 21.2% | 15.1% | 7.0% | 7.0% | 10.1% | 4.6% | 12.5% | 7.6% | - | - | - |
| EBITDA (USD) | 171,194,000 | 131,134,000 | 163,133,000 | 252,000,000 | 297,000,000 | 324,000,000 | 450,000,000 | 552,000,000 | 626,000,000 | - | - | - |
| Operating Income (USD) | 86,791,000 | 78,317,000 | 123,958,000 | 217,000,000 | 251,000,000 | 268,000,000 | 368,000,000 | 455,000,000 | 499,000,000 | - | - | - |
| Operating Margin | 4.0% | 2.9% | 4.1% | 6.6% | 7.2% | 7.0% | 9.1% | 10.0% | 10.2% | - | - | - |
| % EBITDA Margin | 7.8% | 4.9% | 5.3% | 7.7% | 8.5% | 8.4% | 11.2% | 12.2% | 12.8% | - | - | - |
| NET Income (USD) | 15,497,000 | 31,695,000 | 61,406,000 | 178,000,000 | 192,000,000 | 212,000,000 | 272,000,000 | 338,000,000 | 355,000,000 | - | - | - |
| % Net Margin | 0.7% | 1.2% | 2.0% | 5.4% | 5.5% | 5.5% | 6.7% | 7.4% | 7.3% | - | - | - |
TriNet Group, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Cocoon Financial Services, Inc. | - | ||||||||
| Add-on, Trade Sale | Completed | TriNet Zenefits | - | ||||||||
| Trade Sale | Completed | TriNet Group, Inc. | - | ||||||||
| IPO | Completed | TriNet Group, Inc. | - | ||||||||
| Add-on | Completed | Ambrose Employer Group, LLC | - |
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TriNet Group, Inc. - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Chairman Of The Board | BM |
BM Board Member
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