Aquiline Capital Partners Acquires CoAdvantage from Morgan Stanley Capital Partners

Aquiline-backed CoAdvantage and PrimePay Merge to Create Unified HCM Platform

March 5, 2025

Professional Services

Aquiline Capital Partners has combined two of its portfolio companies — CoAdvantage and PrimePay — into a strategic merger to create a full‑spectrum human capital management (HCM) offering for small and mid-sized businesses and franchises. The combined business will integrate CoAdvantage's PEO services and CoAdQuantum platform with PrimePay's payroll/HCM software and AI capabilities to expand capabilities, product development and go‑to‑market reach.

CoAdvantage Acquires MomentumHR

November 14, 2022

Staffing & HR

CoAdvantage, a national Professional Employer Organization (PEO) based in Bradenton, Florida, has acquired Georgia-based MomentumHR, a Savannah PEO founded in 2000. The acquisition strengthens CoAdvantage’s presence in Georgia and accelerates the company's Southeast and national growth; financial terms were not disclosed.

CoAdvantage Acquires SourcePointe

January 13, 2021

Staffing & HR

CoAdvantage, a national Professional Employer Organization (PEO), has acquired Alabama-based SourcePointe to expand its footprint and service capacity. The deal brings SourcePointe's regional PEO operations and leadership (CEO Robby Pierce) into CoAdvantage, accelerating geographic expansion into Alabama, Tennessee and Mississippi and strengthening CoAdvantage's position in the SMB HR outsourcing market.

G&A Partners Acquires Employer Advantage

March 8, 2022

Staffing & HR

G&A Partners has acquired Employer Advantage, a Joplin, Missouri-based provider of human resource services. The acquisition adds more than 500 client companies, roughly 11,000 worksite employees and 78 corporate employees to G&A's platform, expands its Midwest footprint, and will retain Employer Advantage's leadership with Jared Young joining G&A as Chief Mergers and Acquisitions Officer during the transition.

Aquiline Capital Partners Invests in PrimePay

April 5, 2021

Staffing & HR

Aquiline Capital Partners has made a growth investment in PrimePay, a national payroll, human capital management (HCM), and benefits services provider. As part of the transaction PrimePay founder and CEO Bill Pellicano will move to Executive Board Chair, John LaMancuso will join as CEO, and Michael Pires will be promoted to President & COO to support the company's expansion across the HCM market.

Aquiline Makes Majority Investment in Pharma Force Group LLC

December 31, 2023

Healthcare Services

Aquiline Capital Partners has made a majority investment in Pharma Force Group LLC, a U.S.-based provider of 340B administration software and pharmacy benefits management solutions. The partnership will support PharmaForce’s product expansion and strategic M&A plans to accelerate growth across hospitals and health clinics. Piper Sandler advised PharmaForce; transaction closed in Q4 2023 with financial terms undisclosed.