PrestigePEO acquires Florida-based PEO StaffLink Outsourcing
New York-based PrestigePEO has acquired rival professional employer organization (PEO) StaffLink Outsourcing based in Florida for an undisclosed price.
StaffLink Outsourcing caters to small businesses and their employees across the US, with an emphasis on those in the Eastern seaboard.
The professional employer organization is said to have a considerable client base in Florida, the Carolinas, Texas, California, and Georgia.
Established in 1997, StaffLink Outsourcing offers small and medium-sized businesses a variety of employee management and human resources (HR) solutions. It is said to have expertise in providing human capital management services such as HR support, payroll, workers’ compensation compliance, and benefits administration among others.
StaffLink Outsourcing serves various industries, with an expertise in catering to the aviation sector.
Through the acquisition, PrestigePEO expects to bring a larger set of PEO services and solutions offering to SMBs across the US.
Andrew Lubash — PrestigePEO founder and CEO said: “The acquisition of StaffLink Outsourcing marks another opportunity for PrestigePEO to expand throughout the country. StaffLink Outsourcing and PrestigePEO are extremely complementary entities and well-aligned for success.
“We are each entrepreneur founded and led, which is reflected in our management styles and corporate cultures. I have known Abram for many years, and we remained connected, most specifically through our involvement with the National Association of Professional Employer Organizations (NAPEO).”
Backed by private equity firm TriSpan, PrestigePEO offers integrated, end-to-end human resources solutions to small and medium-sized businesses for handling all integral human resources operations.
Abram Finkelstein — CEO of StaffLink Outsourcing said: “This is truly a great fit for both StaffLink Outsourcing and PrestigePEO. The synergies between our two organizations and TriSpan is really compelling. We share similar backgrounds, approaches, and core values, making our corporate cultures a perfect fit.
“By partnering with PrestigePEO and leveraging the expertise and solutions portfolio of this new joint entity, SMBs will be well-armed with the necessary tools to renovate their businesses and improve their operations.”