PrestigePEO, one of the nation’s leading professional employer organizations (PEO), announced today its acquisition of StaffLink Outsourcing, LLC, a Sunrise, Fla.-based PEO serving small businesses and their employees nationwide, with an emphasis on those across the Eastern seaboard. In particular, StaffLink Outsourcing has acquired a significant client base throughout Florida, Texas, the Carolinas, Georgia, and California.
Founded in 1997 by Chief Executive Officer Abram Finkelstein, StaffLink Outsourcing, a full-service PEO, provides a range of employee management and human resources (HR) solutions to small and medium-sized businesses (SMBs). The company has developed an expertise in providing human capital management services, which include, but are not limited to, HR support, payroll as well as benefits administration and workers’ compensation compliance, to various industries, with an expertise in serving the aviation sector. StaffLink Outsourcing has the people, processes, technology, and experience in place, all of which contribute to its role in helping provide PEO-focused solutions and services for its clients. Its staff includes a team of HR, risk, payroll, and benefit professionals who possess years of experience and provide best-practice information to clients. Together, PrestigePEO and StaffLink Outsourcing will bring a broader set of PEO services and solutions offering to SMBs nationwide.
“The acquisition of StaffLink Outsourcing marks another opportunity for PrestigePEO to expand throughout the country. StaffLink Outsourcing and PrestigePEO are extremely complementary entities and well-aligned for success. We are each entrepreneur founded and led, which is reflected in our management styles and corporate cultures. I have known Abram for many years, and we remained connected, most specifically through our involvement with the National Association of Professional Employer Organizations (NAPEO). I have always admired his management prowess, operational acumen, and the well-run organization he has built. We look forward to the impact the combined organization will have on SMBs nationwide,” noted Andrew Lubash, PrestigePEO founder and chief executive officer.
Finkelstein added: “This is truly a great fit for both StaffLink Outsourcing and PrestigePEO. The synergies between our two organizations and TriSpan is really compelling. We share similar backgrounds, approaches, and core values, making our corporate cultures a perfect fit. By partnering with PrestigePEO and leveraging the expertise and solutions portfolio of this new joint entity, SMBs will be well-armed with the necessary tools to renovate their businesses and improve their operations.”
Baudoin Lorans, partner of TriSpan, an investment firm which forged a partnership with PrestigePEO in early 2021, added: “We are delighted to welcome Abram as a shareholder in our partnership and the leadership role he will take on at PrestigePEO. Coming on the heels of our recent acquisition of PathGoal, a PEO based in Raleigh, N.C., this merger further solidifies PrestigePEO’s leadership role in the growing PEO space, in particular its presence along the Eastern seaboard. We will work closely with management to continue identifying other strategic acquisition candidates to strengthen PrestigePEO’s offerings and extend its services geographically.”
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