Aquiline Capital Partners Acquires CoAdvantage from Morgan Stanley Capital Partners

Aquiline Capital Partners has entered a definitive agreement to acquire CoAdvantage, a Tampa-based professional employer organization (PEO), from investment funds managed by Morgan Stanley Capital Partners. The deal (terms undisclosed) will keep CoAdvantage's management team in place as Aquiline supports the company's growth and acquisition strategy to expand its HR outsourcing and benefits administration capabilities.