Pyramid Time Systems, LLC (“Pyramid Time Systems” or the “Company”), a leader in time and attendance solutions and synchronized time systems, has been acquired by a private investment group, led by Falx Capital LLC (“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 more than 55 years, the Company has served the healthcare, education, manufacturing and professional sports industries.
As part of this transaction, 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 phase of growth. “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,” said Mr. Kiley.
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.
Merrill Matthews, Managing Partner at Falx Capital, noted, “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.”
The Company’s former owner, John Augustyn noted, “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.”
About Pyramid Time Systems:
Pyramid Time Systems offers a full line of time and attendance products, synchronized time systems, digital clocks and related supplies. Since 1969, the Company has served as a partner to a range of customers in the healthcare, education, manufacturing and professional sports industries. For additional information, please visit: www.pyramidtimesystems.com
About Falx Capital:
Falx Capital is a Denver-based private investment firm focused on in the lower middle market. By partnering with strong management teams, Falx Capital looks to acquire, grow and improve businesses. For additional information, please visit: www.falxcapital.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20250414647880/en/
Contacts
Media Contact:
Merrill Matthews
mmatthews@falxcapital.com
