PrimePay Acquires Assets of Interlogic Outsourcing, Inc.
October 9, 2019
PrimePay, LLC acquired the assets of Interlogic Outsourcing, Inc. (IOI) following IOI’s August 2019 bankruptcy filing; the purchase (approved by the U.S. Bankruptcy Court) included IOI’s client base, employees, intellectual property and a portion of physical property. PrimePay will onboard IOI’s clients and staff and integrate IOI’s payroll and HR capabilities into its nationwide services offering.
- Buyers
- PrimePay, LLC
- Targets
- Interlogic Outsourcing, Inc.
- Sellers
- Interlogic Outsourcing, Inc. (bankruptcy estate)
- Industry
- Staffing & HR
- Location
- Indiana, United States
- Transaction Type
- Divestiture
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