G&A Partners announced today that it has acquired XMI, a Nashville-based provider of human resources and accounting services. XMI is the ninth acquisition G&A Partners has completed in the past three years.
G&A Partners, a leading professional employer organization (PEO) and human resources outsourcing (HRO) provider, will use this opportunity to expand into the vibrant Tennessee market. The acquisition, which adds to G&A’s current client base of more than 2,200 organizations and over 55,000 worksite employees, will also allow the firm to expand its offerings to include accounting and bookkeeping services.
“We’re so excited to welcome our new clients and Nashville staff to G&A Partners,” said G&A President, and CEO John W. Allen. “We have a lot in common with XMI, including some of our benefits, technology, and certainly our dedication to our clients and their future growth. I think our new employees and clients will be very pleased with G&A’s culture and, of course, our world-class service and commitment to creating phenomenal client experiences.
“We have been interested in expanding our business into this growing market for some time and we are so excited to have this opportunity to team up with a great local firm to accomplish this goal,” Allen added. “I’m also pleased that we’ll be able to leverage this acquisition to provide outsourced accounting and bookkeeping services to our other PEO clients across our current book of business. It’s a return to my roots as a Certified Public Accountant.”
As part of the acquisition, the majority of XMI’s Nashville leadership team and staff will remain intact, making this a seamless transition for the Nashville team and clients into the G&A Partners family. XMI’s CEO, Chad Parodi, will return to his Atlanta home to pursue other opportunities.
“We have so much in common with G&A Partners and its vision for the future that we are confident this change will ultimately bring about exciting new developments for our clients and team,” said Josh Farber, former CFO of XMI and now Vice President of Outsourced Accounting Services for G&A Partners.
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