PrestigePEO, a leading Professional Employer Organization (PEO), has significantly broadened its national presence through the strategic acquisition of Concurrent HRO, a Colorado-based human resources services provider. This merger not only extends PrestigePEO's reach into the Midwest and Mountain regions but also strengthens its capability to offer comprehensive HR solutions to businesses in these areas.
The alignment of business models and growth strategies between PrestigePEO and Concurrent HRO underscores the strategic value of this acquisition. Andrew Lubash, Founder and CEO of PrestigePEO, highlighted how this merger leverages Concurrent HRO's established foundation while providing clients and brokers with access to a wider array of resources. The retention of Concurrent HRO's entire team ensures a seamless transition and continuity for existing clients and brokers.
This integration is set to bring about enhanced HR technology, more robust compliance support, and access to premium employee benefits experiences. Irv Rosen, Founder and CEO of Concurrent HRO, shared his excitement about the partnership with PrestigePEO, emphasizing the potential to innovate while keeping the personalized service approach that clients value.
As a Certified Professional Employer Organization (CPEO), PrestigePEO is renowned for its comprehensive services, which include payroll management, employee benefits, compliance support, and risk management. The company's accreditation by the Employer Services Assurance Corporation places it among the top one percent of PEOs in the industry. This acquisition is a testament to PrestigePEO's unwavering commitment to growth, innovation, and the delivery of exceptional HR solutions across varied business landscapes.
