PrestigePEO Expands Regional Footprint with Acquisition of Concurrent HRO

Professional Employer Organization (PEO) PrestigePEO has completed its fifth strategic acquisition by purchasing Concurrent HRO, a Colorado-based PEO, signaling continued growth and expansion in the human resources service market. The acquisition represents a significant strategic move to enhance service delivery and market reach for businesses in the Midwest and Mountain regions.

The merger brings together two organizations with complementary business models and a shared commitment to delivering high-quality HR solutions. By combining their respective strengths, PrestigePEO aims to create new opportunities for brokers, clients, and employees while maintaining a client-first approach.

For human resources professionals and business leaders, this acquisition offers several key strategic advantages. The merger provides expanded access to premium benefits, comprehensive HR solutions, advanced risk management services, and enhanced administrative support. Concurrent HRO's existing team will remain in place, ensuring continuity for current clients and minimizing potential disruption during the transition.

PrestigePEO CEO Andrew Lubash emphasized the strategic importance of the acquisition, highlighting the potential for delivering greater value to businesses in key markets. The merger is expected to provide clients and brokers with improved HR technology, expanded compliance support, and a more robust employee benefits experience.

This strategic move underscores the ongoing consolidation and evolution within the PEO industry, where organizations seek to expand their capabilities and market reach through targeted acquisitions. For businesses, particularly those in the Midwest and Mountain regions, this acquisition potentially represents increased access to sophisticated HR services and more comprehensive support infrastructure.

The acquisition aligns with PrestigePEO's long-term growth strategy, building on its existing reputation as a top-tier PEO. As a certified Professional Employer Organization with strong financial stability and regulatory compliance, PrestigePEO continues to position itself as a leader in providing innovative HR solutions for businesses of varying sizes and complexity.