Waypoint Capital and Gearbox Capital completed the acquisition of Greenshades Software from SFW Capital Partners.

Private equity firms Waypoint Capital and Gearbox Capital completed the acquisition of Greenshades Software, a provider of payroll, payroll tax, and human capital management information and software solutions, from SFW Capital Partners, a specialized private equity firm. Financial terms were not disclosed. "I am very excited to partner with Greenshades' co-founder and CEO David Rosas, WayPoint, and the entire Greenshades team to continue supporting the execution of the value creation plan for Greenshades. Based on recent investments made at the company, Greenshades is strongly positioned to capture significant market share in the mid-market for Payroll and HR solutions through its unique focus on complex, compliance-centric workflows for businesses that rely on a deskless workforce. Differentiated technology and a unique go-to-market underpin strong growth fundamentals that Greenshades will look to supplement, with our support, through its 'build-partner-buy' strategy," Omair Sarwar, GearBox Managing Partner.