Staffing & HR Acquisitions in Florida

Execupay, part of Vensure Employer Solutions, has acquired Professional Payroll, a Fort Lauderdale-based payroll and HR services provider founded in 2003 that serves more than 150 clients across all 50 states. The acquisition expands Execupay and Vensure's HR/payroll service capabilities and industry-focused offerings, notably for hospitality companies and medical practices.

Tandym Group, a national consulting, recruitment, and workforce solutions provider backed by Mill Rock Capital and ICG, has acquired Kolter Solutions, a Maitland, Florida-based technology staffing and recruitment firm. The add-on acquisition expands Tandym's presence in Florida and strengthens its Healthcare IT staffing capabilities; terms were not disclosed.

JW Michaels & Co., a New York-based executive search and staffing firm, has acquired Boca Raton-based executive consulting firm Legerity Group, Inc. The deal gives JW Michaels a stronger foothold in South Florida and expands its senior consulting and interim finance/accounting capabilities, including the addition of Legerity business development director Mark Slakter to JW Michaels' leadership team.

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.

Triumph Talent Solutions LLC, a wholly owned subsidiary of Triumph Higher Education Group LLC, has acquired Gecko Hospitality Inc., a national leader in hospitality and restaurant recruitment. Gecko, headquartered in Fort Myers, Florida, will continue to operate under its current name and leadership and expands Triumph's workforce development and hospitality recruiting capabilities.

CongruityHR, a North Carolina-based outsourced HR/PEO provider and portfolio company of RFE Investment Partners, has acquired JanusHR, a Tampa-based professional employer organization serving small- and mid-sized businesses across Florida. The acquisition expands CongruityHR's presence and capabilities in the Southeast (notably the Tampa Bay region); G2 Capital Advisors served as exclusive buy-side advisor.

Melville, N.Y.-based PrestigePEO has acquired Gainesville, Fla.-based Advantage Personnel Resources, LLC (APR), a PEO that provides HR services, payroll administration, employee benefits and workers' compensation to SMBs across Florida and Georgia. The deal is an add-on to PrestigePEO's platform (backed by TriSpan) and is intended to expand PrestigePEO's geographic footprint in the southern U.S. while broadening its service capabilities and broker relationships.

DISA Global Solutions, a portfolio company of Audax Private Equity, has acquired Global HR Research (GHRR) from Renovo Capital. The add-on strengthens DISA's employee screening, testing and compliance capabilities and expands its presence in end markets including healthcare, manufacturing and education; financial terms were not disclosed.

HireQuest, Inc. entered into a definitive agreement to acquire certain assets of MRINetwork (MRI), including its 232 franchise offices, for approximately $13.5 million before working capital adjustments. The acquisition gives HireQuest immediate scale in executive search and professional staffing, adding MRI's franchise network and complementary capabilities to HireQuest's existing staffing brands.

Allied Universal has acquired Century Event Security & Staffing, an Orlando-based provider of event security and staffing services, to expand its event services footprint in Orlando and Las Vegas. The acquisition provides Allied Universal with additional operations and access to several thousand event staff to support major exhibitions and conventions in these key markets.

PrestigePEO, a Melville, New York-based professional employer organization, has acquired StaffLink Outsourcing, LLC, a Sunrise, Florida-based PEO that serves SMBs nationwide with a concentration on the Eastern seaboard and Southern U.S. The deal, executed with backing from private equity partner TriSpan, expands PrestigePEO's geographic footprint and complements its HR, payroll, and benefits administration capabilities.

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.

Shoreline Equity Partners has partnered with Career Now Brands, a technology-enabled provider of candidate-funnel solutions for transportation, warehousing and trade-school customers, in a growth investment that will support the company's next phase of expansion. Co-investors include Madison Capital Funding LLC, Churchill Asset Management, abrdn and Career Now's management team; Madison provided senior financing and Churchill provided junior debt while Career Now founders remain significant owners and will continue to lead the business.

Two Sigma Impact, the impact investing business of Two Sigma, acquired Eclipse Advantage, a provider of outsourced supply chain workforce solutions that serves warehouses and distribution centers across the United States and Canada. The acquisition (terms undisclosed) follows Eclipse's growth under Longshore Capital Partners and will support expansion of digitally-powered workforce analytics and tools to improve employee retention and operational productivity.

Vaco, a Nashville-based talent and solutions firm, has acquired Alluvion, a Jacksonville, Florida-based talent acquisition and outsourcing firm. The acquisition expands Vaco's presence in Florida and adds Alluvion's consulting, contract and direct-hire capabilities across accounting & finance, technology and operations.

Digital Intelligence Systems (DISYS) has acquired the legal entities of Signature Consultants to combine operations and form one of the largest IT staffing firms in the U.S., creating a combined organization with roughly $860M in annual revenue and more than 7,500 employees and consultants. The deal was financed with debt provided by Wells Fargo and capital from The Carlyle Group's Global Credit platform; both companies will retain their brands and senior leadership with DISYS CEO Mahfuz Ahmed leading the combined organization.

PRO Unlimited, a global contingent workforce management provider, has acquired PeopleTicker, a compensation-data and market-rate intelligence firm. The acquisition integrates PeopleTicker's data science and global rate intelligence into PRO's VMS, MSP and RatePoint SaaS offerings to strengthen PRO's contingent workforce management platform and deliver expanded benchmarking and rate-intelligence capabilities to enterprise clients.

KellyServices USA, LLC (Kelly Services) acquired Greenwood/Asher & Associates, Inc., a higher education executive search and consulting firm headquartered in Miramar Beach, Florida. Hyde Park Capital served as exclusive investment banker to Greenwood/Asher in the sale, which expands Kelly's education offerings into the higher education market.

Job.com, a digital recruitment platform, has acquired HireVergence, a Tampa-based cybersecurity and IT recruiting firm. The acquisition pairs Job.com's AI-driven hiring technology with HireVergence's specialist recruiting capabilities to expand Job.com's service offerings and accelerate growth in cybersecurity and IT talent placement.

NSC Technologies, a portfolio company of White Wolf Capital LLC, has acquired Anistar Technologies, a national low-voltage and technology infrastructure staffing firm based in Tampa, Florida. Financial terms were not disclosed; the deal adds Anistar's ~800 consulting professionals and 150+ client accounts to NSC's technical and professional staffing platform to expand capability and geographic reach.

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.

First Tek has acquired the assets of Emtec's staffing business unit and assumed responsibility for its ongoing operations. The deal expands First Tek's IT staffing capabilities and was facilitated by the Global IT M&A Forum; Emtec sold the division to focus on its core business.