Last checked May 12, 2026
UKG (Ultimate Kronos Group)ukg.comUKG (Ultimate Kronos Group) is currently listed as private-equity-owned.
Ownership & Acquisition History
UKG is currently private-equity-owned and controlled by Hellman & Friedman, which is described as the majority owner of the merged business.
Notes
- UKG is described in UKG materials as a privately owned company formed in April 2020 via the merger of Ultimate Software and Kronos, and notes both legacy companies were majority-owned by private equity firm Hellman & Friedman—supporting current PE control.
- Public reporting around the merger also describes both companies as owned by Hellman & Friedman, reinforcing that a PE sponsor is the controlling owner of the combined entity.
- UKG’s founding as an entity is tied to completion of the merger on April 1, 2020, and it operates with dual headquarters (Lowell, MA and Weston, FL).
- Logo URL is taken from a Wikimedia-hosted SVG file page that cites the original UKG-hosted SVG source path.
Sources
- New World Workforce Management (UKG document)
UKG - States UKG is privately owned; formed in April 2020 through the merger of Ultimate Software and Kronos; and indicates the businesses were majority-owned by private equity firm Hellman & Friedman.
- Kronos-Ultimate Software merger creates $3B firm with product overlap
TechTarget - Reports both Kronos and Ultimate were owned by Hellman & Friedman (a private equity firm) in the context of the merger.
- UKG
Wikipedia - Background on UKG’s formation timing (April 2020) and dual-headquarters; also lists owners/investors (useful context alongside primary/official sources).
- File:UKG (Ultimate Kronos Group) logo.svg
Wikimedia Commons - Provides a direct UKG-hosted SVG logo source URL.
- https://commons.wikimedia.org/wiki/File%3AUKG_%28Ultimate_Kronos_Group%29_logo.svg
Web search - Consulted by the research agent
- https://iconlogovector.com/logo/ukg
Web search - Consulted by the research agent
- https://en.wikipedia.org/wiki/Kronos_Incorporated
Web search - Consulted by the research agent
- https://www.ukg.com/sites/default/files/2022-06/UKG-CSR-Report-2020-FINAL.pdf
Web search - Consulted by the research agent
- https://www.selecthub.com/company/ukg/
Web search - Consulted by the research agent
- https://www.ukg.com/
Web search - Consulted by the research agent
- https://www.forbes.com/companies/ukg/
Web search - Consulted by the research agent
- https://oysterlink.com/company-profile/ukg/
Web search - Consulted by the research agent
Ownership FAQ
Is UKG (Ultimate Kronos Group) owned by private equity?
Yes. UKG (Ultimate Kronos Group) is currently listed as private-equity-owned by Hellman & Friedman (H&F).
Who owns UKG (Ultimate Kronos Group)?
Privately held; controlled (majority-owned) by Hellman & Friedman (H&F), with significant minority investment from Blackstone and other co-investors (e.g., GIC, CPP Investments, JMI Equity).
When was UKG (Ultimate Kronos Group) last checked?
This page was last checked on May 12, 2026.