Lightyear Capital Acquires Engage PEO

Kohlberg & Company Acquires Majority Stake in Engage PEO

August 9, 2023

Staffing & HR

Kohlberg & Company has acquired a majority stake in Engage PEO, a Fort Lauderdale-based professional employer organization, partnering with existing investor Lightyear Capital and Engage management, both of which will retain minority stakes. The investment positions Kohlberg to accelerate Engage's organic growth and M&A-driven consolidation across the PEO/human capital management market in the U.S.

Engage PEO Acquires Aspen HR

December 22, 2025

Professional Services

Engage PEO has acquired Aspen HR, a San Francisco-area professional employer organization (PEO) founded in 2017, to expand Engage's national footprint and deepen its presence in California and the alternative investment sector. The deal combines Aspen HR's white-glove HR services and industry expertise with Engage's compliance-focused consulting, risk management capabilities, and national benefits programs.

Engage PEO Acquires Axios HR from Axios International

March 3, 2025

Professional Services

Engage PEO has acquired Axios HR, a Grand Rapids, Michigan-based professional employer organization, from parent company Axios International. The acquisition expands Engage PEO's Midwest footprint and combines Axios HR's local expertise with Engage's national HR outsourcing capabilities to better serve small and mid-sized businesses in the region.

Lightyear Capital Acquires Prime Pensions from Mill Point Capital

February 26, 2024

Financial Services

Lightyear Capital has made a strategic investment to acquire Prime Pensions, a Florham Park, New Jersey–headquartered third-party administrator of retirement plans, from Mill Point Capital. Prime Pensions serves over 11,000 clients, employs more than 225 people across seven locations, and Lightyear says it will partner with management to accelerate growth and expand capabilities.

G&A Partners Acquires Ignite PEO Services, LLC

May 5, 2020

Professional Services

G&A Partners, a Houston-based professional employer organization (PEO), has acquired Ignite PEO Services, LLC, a Denver-based PEO and HR outsourcing provider. The deal expands G&A Partners' presence in Colorado and adds Ignite's client accounts and client-facing employees to G&A's operations.

Lightyear Capital and Ontario Teachers' Acquire Lendmark Financial Services from Blackstone

June 27, 2019

Financial Services

Investment funds affiliated with Lightyear Capital and the Ontario Teachers' Pension Plan agreed to acquire Lendmark Financial Services from private equity funds managed by The Blackstone Group. The senior management team will remain in leadership and as shareholders; the transaction was expected to close in H2 2019 subject to regulatory approvals.