logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Prestigepeo Acquires Advantage Personnel Resources, Llc

Jan 05, 2023almost 3 years ago

Acquiring Company

PrestigePEO

Acquired Company

Advantage Personnel Resources

Saas

Description

PrestigePEO, one of the nation’s leading professional employer organizations (PEOs), announced today the acquisition of Gainesville, Fla.-based Advantage Personnel Resources, LLC (APR). APR, a PEO that serves small and medium-sized businesses (SMBs) operating throughout Florida and Georgia, provides a range of human resources services, employee benefits, payroll administration, and workers’ compensation, 24/7/365.

Company Information

Company

PrestigePEO

About

Melville, N.Y.-based PrestigePEO, also known as Prestige Employee Administrators LLC, provides integrated, end-to-end human resources (HR) solutions to small and medium-sized businesses (SMBs) for managing all integral human resources operations. This includes support for employee benefits management, payroll administration, compliance, and HR guidance, among others. PrestigePEO’s full spectrum of HR services and solutions helps SMBs lower employee benefit costs, reduce administrative workloads, and manage critical HR functions. PrestigePEO is among only one percent of PEOs accredited by the Employer Services Assurance Corporation (ESAC), certified (CI) through Workers Comp Risk Management and classified as a Certified Professional Employer Organization (CPEO) by the IRS – demonstrating financial stability and strict adherence with a diverse range of regulatory and security standards. To learn more, visit www.prestigepeo.com and follow PrestigePEO on Facebook, Twitter, LinkedIn and YouTube.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed