America's Back Office Acquires Employees Only, Inc.

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.

Beeline Acquires MBO Partners

June 12, 2025

Staffing & HR

Beeline has acquired MBO Partners, a portfolio company of Emerald Lake Capital Management, to expand its Extended Workforce Platform to include high-value independent professionals. The deal combines Beeline's vendor management and extended workforce technology with MBO Partners' independent-talent platform, aiming to deliver a single, compliant solution for managing contingent workers, contractors, consultants and payrolled professionals.

DecisionHR Acquires Modern Business Associates, Inc.

December 22, 2021

Staffing & HR

DecisionHR, a nationwide full-service PEO and subsidiary of Bankers Financial Corporation, has acquired Modern Business Associates, Inc. The combination, effective January 1, 2022, creates one of the five largest privately held PEOs in the United States and expands DecisionHR's HR, payroll, benefits and risk-management capabilities.

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.

G&A Partners Acquires Ethan Allen HR Services

January 13, 2026

Staffing & HR

G&A Partners has acquired Ethan Allen HR Services, an IRS-certified Professional Employer Organization (CPEO) headquartered in Poughkeepsie, New York, to expand its footprint in the Hudson Valley and broader Northeast. The deal brings Ethan Allen's client service team and benefits relationships into G&A's national platform, adding Anthem group medical plans and expanded HR technology and services for small- and mid-sized businesses.

H.I.G. Capital Acquires Majority Stake in Office People

April 12, 2023

Staffing & HR

An affiliate of H.I.G. Capital has acquired a majority stake in Office People GmbH, partnering with founder Olaf Hansen and the existing management team. Office People is a leading German personnel management and temporary staffing provider (over 9,000 external staff across ~100 locations); H.I.G. plans to support the company's growth through organic expansion, add-on acquisitions and selective internationalization.