The Selling Company: AdminHR is a privately-owned, full-service professional employer organization (PEO), providing outsourced payroll, training, insurance and benefits to 80 clients, with over 800 employees principally in the state of North Carolina.
Why the company was sold: The company experienced difficulties when a principal shareholder responsible for day-to-day operations passed away. The remaining shareholders sought a merger with a well-capitalized, growing partner that would allow them to continue to grow the enterprise, but relieve the burden of running the back office and the challenges of perfect service execution on a day-to-day basis.
Capital Alliance’s Performance: Capital Alliance, as a strategic sponsor and member of NAPEO, was aware of potential buyers who had specific targets in the Charlotte and North Carolina market as a whole. After contacting and performing initial screenings of the potential buyers, we arranged for the seller to meet with the ultimate buyer, Lyons HR. The overall strategic fit was outstanding, delivering the desired solutions to both parties.
Terms of the Transaction: The assets of the company were purchased for cash. Several key employees of the seller were retained to keep client relationships strong and to assist the buyer in building out the strategically important North Carolina markets.
The Acquiring Company: Lyons HR is a full-service human resources company serving clients through its PEO and Staffing divisions. The company is accredited by the Employer Services Assurance Corporation (ESAC) and is one of only 36 companies in the industry with ESAC accreditation. Lyons HR services more than 600 clients in 27 states, providing services to more than 14,000 worksite employees.
