CoAdvantage Corp, a portfolio company of Morgan Stanley Private Equity, has acquired Remedy Employer Services. Financial terms weren’t announced. Remedy, of Bradenton, Florida, provides outsourced HR services, benefits and payroll to small businesses.
TAMPA, Fla., Sept. 19, 2018 /PRNewswire/ — CoAdvantage Corporation (“CoAdvantage”), a leading national provider of strategic human resource solutions for small to mid-sized companies, announced today that it has acquired Florida-based Remedy Employer Services (“Remedy”). The acquisition expands CoAdvantage’s Florida base and represents the Company’s third acquisition in the past year. The acquisition creates a combined platform serving approximately 4,500 clients and more than 90,000 work site employees with a range of HR outsourced solutions for small and medium sized businesses.
Remedy is a provider of integrated human resources solutions located in Bradenton, FL that offers outsourced HR services, benefits and payroll to Florida’s thriving small business community with a reputation for superior customer service.
“We are excited about the Remedy acquisition as we enter a new phase of growth to expand our market presence and enrich our customer experience. We are proud of the work already accomplished and expect this new partnership to deliver significant value as we build upon our strong foundation of operational excellence, supported by outstanding technology, to drive continued value to our customers,” said Clint Burgess, President and CEO of CoAdvantage
“Becoming part of CoAdvantage is a wonderful opportunity for Remedy and our clients,” said Vince DiPalermo, Partner and Vice President, Sales for Remedy. “It seemed like a natural fit for us to merge. We have great alignment around company values and delivering outstanding customer service to our clients. As part of CoAdvantage, we will have access to its continued investment in HR technology and best-in-class services, which will enhance and expand our offerings to Remedy clients.”
CoAdvantage’s acquisition of Remedy follows the Company’s merger with California-based Total HR Management and Florida-based PEMCO in October 2017. The recent transactions significantly increase the Company’s scale while adding strong management talent with similar client-focused operating strategies. These transactions follow the Company’s acquisition of Discovery Outsourcing and Compensation Solutions in 2014. CoAdvantage now serves approximately 90,000 work site employees in all 50 states, offering the resources of a national provider with a local focus to business owners around the country.
About CoAdvantage Headquartered in Tampa, Florida, CoAdvantage, Inc. is a leader in human resource solutions, providing Professional Employer Organization (PEO) services to small and medium-sized businesses nationwide. A portfolio company of Morgan Stanley Private Equity, the company has offices throughout Floridaand Texas, as well as Colorado, California, New York and New Jersey, serving approximately 90,000 work site employees nationwide. For more information, visit www.coadvantage.com.
About Remedy Remedy is a Florida-based Professional Employer Organization (PEO) with over 8 years of experience in providing payroll administration, workers’ compensation, employee benefits and human resource solutions to small-to-medium size businesses in the Bradenton area. Founded in 2010, Remedy has built a strong book of business through service excellence and delivering high quality products to its clients. The business operates out of Bradenton, Manatee County, FL. For more information, visit www.remedyes.com.