At what enterprise value was COVALENCE CONSULTING acquired in 2026?

You can find the full valuation details of COVALENCE CONSULTING on mynth capital. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.8x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of COVALENCE CONSULTING when it was acquired by HR PATH?

The exact EV/EBITDA multiple for COVALENCE CONSULTING is available on mynth capital. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.8x. Join our community for free to access full valuation data and industry trends.

When was COVALENCE CONSULTING acquired by HR PATH?

COVALENCE CONSULTING was acquired by HR PATH in 2026.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the COVALENCE CONSULTING acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the COVALENCE CONSULTING deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://hr-path.com/en/our-news/hr-path-strengthens-its-north-american-ukg-expertise-with-the-strategic-acquisition-of-covalence/2026/03/31/

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Home Database TMT (Tech, Media, Telecom)COVALENCE CONSULTING

04/2026

COVALENCE CONSULTING acquired by HR PATH

UNITED STATES Software / ERP, HR & Finance REV 1m EUR - 100m EUR

Context

HR Path completed the strategic acquisition of Covalence Consulting Inc. to significantly accelerate the growth and depth of its North American UKG practice. The rationale behind the transaction is to consolidate HR Path's position as a global leader in digital HR transformation by integrating specialized technical expertise in UKG and Infor solutions. This move strengthens the group's ability to deliver high-value outcomes in the United States and Canada, markets where Covalence has established a strong reputation for implementation excellence and customer satisfaction. The integration allows the combined entity to support customers through every stage of their digital journey, from initial advisory to long-term system optimization. By acquiring Covalence, the buyer gains a highly skilled team and a proven delivery culture that aligns with its global "Advise, Implement, Run" strategy, creating a more robust service offering for businesses managing complex workforce and payroll technologies in the North American region.

COVALENCE CONSULTING, which reported an EBITDA margin of LOGIN in 2026, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.8x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Covalence Consulting Inc. operates as a specialized Human Capital Management (HCM) technology consulting and implementation firm. The business focuses on helping organizations across North America simplify complex HR, payroll, and workforce management processes through the deployment of leading software solutions, specifically UKG and Infor. The operating model centers on bridging the gap between technical software capabilities and the practical operational needs of various business environments. By providing tailored implementations and strategic advisory, the company enables clients to automate transactional workflows and drive user adoption. The firm maintains a strong reputation within the UKG ecosystem for its ability to transform intricate administrative requirements into streamlined digital systems, ensuring that technology investments align with actual business practices and workforce needs.

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REFERENCES

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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: covalence consulting

Acquirer: hr path