PrestigePEO Expands National Footprint with Acquisition of Concurrent HRO

The human resources industry witnesses a significant consolidation as PrestigePEO, a leading Professional Employer Organization, announces its fifth strategic acquisition by purchasing Concurrent HRO, a Colorado-based human resources services provider. This move not only broadens PrestigePEO's geographical reach but also fortifies its capability to offer more comprehensive HR solutions to businesses operating in the Midwest and Mountain regions.

The merger is a strategic alignment of two organizations that share similar business models and a commitment to broker-friendly growth strategies. Andrew Lubash, Founder and CEO of PrestigePEO, highlighted the merger's strategic importance, noting it leverages Concurrent HRO's established foundation while granting clients and brokers access to a wider array of resources. This acquisition underscores PrestigePEO's dedication to scaling its operations and enhancing its service offerings.

Continuity and stability for existing clients and brokers are assured as Concurrent HRO's entire team will remain in place. The integration is set to bring about advancements in HR technology, more robust compliance support, and access to superior employee benefits experiences. Irv Rosen, Founder and CEO of Concurrent HRO, shared his optimism about the partnership, emphasizing the balance between innovative solutions and personalized service that the merger aims to achieve.

As a Certified Professional Employer Organization, PrestigePEO is renowned for its comprehensive suite of services, including payroll management, employee benefits, compliance support, and risk management. Its recognition among the top one percent of PEOs and accreditation by the Employer Services Assurance Corporation speaks volumes about its industry standing. This acquisition is a testament to PrestigePEO's unwavering commitment to growth, innovation, and the delivery of exceptional HR solutions across varied business landscapes.

For vendors and professionals within the human resources industry, this development signals a shift towards more integrated and technologically advanced HR solutions. The merger not only enhances PrestigePEO's market position but also sets a new benchmark for service excellence and innovation in the PEO sector. The implications of this acquisition extend beyond the immediate benefits to clients and brokers, potentially influencing broader industry trends towards consolidation and the adoption of more sophisticated HR technologies and services.