Professional Employer Organization (PEO) PrestigePEO has completed its fifth strategic acquisition by purchasing Concurrent HRO, a Colorado-based PEO, signaling continued growth and market expansion in the human resources services sector.
The acquisition enables PrestigePEO to strengthen its national presence and provide enhanced HR solutions to businesses in the Midwest and Mountain regions. By integrating Concurrent HRO's operations, the company aims to deliver comprehensive benefits, administrative support, and risk management services to a broader client base.
Founders Andrew Lubash of PrestigePEO and Irv Rosen of Concurrent HRO emphasized the complementary nature of their organizations. The merger promises to leverage both companies' strengths, focusing on innovative HR technologies, expanded compliance support, and premium employee benefits experiences.
Key strategic advantages of the acquisition include maintaining Concurrent HRO's existing team, ensuring client continuity, and providing brokers with access to expanded resources. The partnership represents a significant move in the competitive PEO landscape, demonstrating PrestigePEO's commitment to growth and service excellence.
For businesses in the targeted regions, this acquisition translates to more comprehensive HR solutions, potentially reducing operational complexities and offering more sophisticated employee management tools. The merger signals a trend of consolidation in the professional employer organization market, where scale and technological capabilities are increasingly important competitive differentiators.
As a Certified Professional Employer Organization with multiple industry recognitions, PrestigePEO continues to position itself as a leader in delivering integrated HR services across diverse market segments.
