Cherry Tree Advises Deluxe on the Acquisition of MyCorporation

Transaction Description
In December 2018,  Deluxe Corporation (NYSE: DLX) acquired MyCorporation, a provider of incorporation, compliance and other services to new businesses. Deluxe announced the acquisition during their quarterly earnings call on January 24, 2019. Deluxe CEO Barry McCarty commented on the acquisition: "Capturing clients at business formation, we believe, will enable us to cross-sell existing products and services, such as logo design, web design, web hosting, e-mail marketing, payroll services and more."

Cherry Tree & Associates served as exclusive investment banking advisor to Deluxe in the transaction.

About Deluxe
Deluxe Co rp.  is a leader in trusted tech-enabled solutions. Nearly 4.4 million small business customers access Deluxe's wide range of products and services, including customized checks and forms, as well as incorporation services, logo design, website development and hosting, email marketing, social media, search engine optimization and payroll services. For our approximately 4,600 financial institution customers, Deluxe offers industry-leading programs in checks, data analytics and customer acquisition and treasury management solutions, including fraud prevention and profitability. Deluxe is also a leading provider of checks and accessories sold directly to consumers.  For more information, visit

About MyCorporation
Based in Calabasas, CA, MyCorporation provides online document filing services for small business clients. The company offers business services in the areas of incorporation, LLC formation, trademark and copyright services, as well as compliance services and business maintenance services. For more information, visit

About Cherry Tree & Associates
Cherry Tree & Associates is a private investment banking firm headquartered in Minneapolis, Minnesota. Founded in 1980, it specializes in M&A transactions for both buyers and sellers of middle market companies. Additionally, it conducts private placements for attractive, entrepreneurially-managed growth companies, provides strategic advisory services to CEOs and boards of directors, and prepares fairness opinions and other valuation services. For more information, visit
Cherry Tree Deal Team

Ben Huss
Senior Analyst
(952) 253-6017
Cherry Tree Contacts

Elmer Baldwin
Senior Executive Director 
(952) 253-6001
John Bergstrom
Managing Director
(651) 227-9758

Chuck Gorman
Senior Executive Director 
(952) 253-6008

Steve Ruelle
Managing Director 
(952) 253-6036

Tony Christianson
Managing Partner
(952) 253-6003

Cherry Tree & Associates, LLC,  301 Carlson Parkway, Suite 103,  Minneapolis, MN 55305
Phone: (952) 893-9012 |

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Important Disclosures
The information included in this publication has been obtained from public sources, and is not based upon private or confidential Cherry Tree information. Cherry Tree gathers its data from sources it considers reliable. However, it does not guarantee the accuracy or completeness of the information provided within this publication. Any opinions presented reflect the current judgment of the authors and are subject to change. Cherry Tree makes no warranties, expressed or implied, regarding the accuracy of this information or any opinions expressed by the authors. Officers, directors, partners of Cherry Tree and Cherry Tree proprietary investment funds may have positions in the securities of the companies discussed, and certain affiliates of Cherry Tree may recommend to specific clients the purchase and sale of securities discussed in the publication.  This publication does not constitute a recommendation with respect to the securities of any company discussed herein, and it should not be construed as such. Cherry Tree or its affiliates may from time to time provide investment banking or related services to these companies. Like all Cherry Tree employees, the authors of this publication receive compensation that is affected by overall firm profitability. We undertake no obligation to update any information in this publication.