Exclusive: LightBay Capital to acquire PEO Questco

'The great resignation and workforce redesign is amplifying the need for PEOs to aid in talent recruitment and retention strategies,' says LightBay's Adam Stein.

LightBay Capital will announce the acquisition of professional employer organization (PEO) Questco from Parallel49 Equity later this morning, PE Hub can reveal.

The Los Angeles-based firm is bullish on the rising demand for PEOs, buoyed in part by the great resignation and workforce redesign trends coming out of the pandemic, Adam Stein, partner and co-founder, told PE Hub.