PrestigePEO's Acquisition of Teamwork Services Reshapes PEO Landscape in the Southeast

The acquisition of Teamwork Services, Inc. by PrestigePEO marks a pivotal development in the Professional Employer Organization (PEO) sector, particularly in the Southeastern United States. Completed on October 25, 2024, this merger not only expands PrestigePEO's geographical footprint but also enriches its portfolio of HR solutions, offering small and medium-sized businesses (SMBs) access to Fortune 500-level benefits and comprehensive HR support.

This strategic move is set to deliver enhanced compliance and risk management solutions, broader HR support, and a more extensive array of employee benefits to clients of both organizations. At a time when businesses are navigating increasingly complex HR challenges and regulatory environments, the consolidation of PrestigePEO and Teamwork Services' expertise and resources could not be more timely.

Andy Lubash, CEO of PrestigePEO, highlighted the acquisition as a milestone in the company's mission to provide premium benefits and personalized service. The merger is expected to not only benefit the immediate client base but also level the playing field for SMBs in the Southeast, granting them access to HR solutions traditionally available only to larger corporations.

The acquisition reflects broader trends in the PEO industry, where consolidation and expansion are becoming key strategies for achieving economies of scale and extending market presence. For PrestigePEO, this move solidifies its status as a leading national PEO, capable of delivering tailored HR solutions across a diverse range of industries.

Robyn Rusignuolo, COO of PrestigePEO, and Pam Morris, President of Teamwork Services, both emphasized the synergies between the two companies, particularly in leadership and service excellence. These shared values are anticipated to ensure a smooth integration process and uninterrupted service for existing clients.

Beyond the immediate benefits to clients and the companies involved, this acquisition has significant implications for the PEO industry at large. It underscores the importance of scale and comprehensive service offerings in meeting the evolving needs of SMBs. As PrestigePEO and Teamwork Services merge their operations, the industry will be watching closely, as the success of this acquisition could influence future mergers and acquisitions in the PEO space, potentially reshaping HR outsourcing and support services for SMBs nationwide.