Professional Employer Organization (PEO) PrestigePEO has acquired Concurrent HRO, a Colorado-based HR service provider, expanding its national footprint and enhancing its service delivery capabilities. This strategic acquisition represents PrestigePEO's fifth business combination and signals continued growth in the competitive human resources outsourcing market.
The acquisition will enable PrestigePEO to provide more comprehensive HR solutions to businesses in the Midwest and Mountain regions. By integrating Concurrent HRO's team and resources, the company aims to offer improved HR technology, expanded compliance support, and enhanced employee benefits experiences.
Andrew Lubash, PrestigePEO's Founder and CEO, emphasized the strategic alignment between the two organizations. The partnership leverages similar business models and broker-friendly growth strategies to create new opportunities for brokers, clients, and employees.
Concurrent HRO's existing leadership team will remain in place, ensuring continuity for current clients and brokers. This approach minimizes potential disruption while facilitating a smooth integration of services and resources.
The acquisition underscores PrestigePEO's commitment to expansion and innovation in the professional employer organization sector. By combining the strengths of both organizations, the company is positioning itself to deliver more robust and comprehensive HR solutions to businesses of varying sizes.
