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Paychex Acquires HR Outsourcing, Inc. (HROI)
Acquisition of national professional employer organization advances Paychex PEO growth, expands HR solutions offerings
Rochester, N.Y. (August 21, 2017) – Paychex, Inc., a leading provider of integrated human capital management solutions for small- to medium-sized businesses, today announced the acquisition of HR Outsourcing Holdings, Inc. (HROI), and all of its operating subsidiaries, which have been conducting business since 2001. HROI is a national professional employer organization (PEO) that provides human resource solutions to small and medium-sized businesses in more than 35 states. The acquisition expands Paychex’s leadership position in the HR outsourcing business. Paychex currently serves more than one-million worksite employees across its suite of HR outsourcing solutions, more than any other HR services provider dedicated to serving small and mid-sized businesses.Read More
HROi Acquires Fortune Financial Inc
New York, January 5, 2016 - HR Outsourcing Holdings, Inc. ("HROi"), a portfolio company of Clarion Capital Partners, LLC ("Clarion") has completed the acquisition of Fortune Financial, Inc. ("Fortune"), a Florida based professional employer organization ("PEO"), on December 29, 2015. HROi provides outsourced human resource services and is led by Anthony Danon, the former COO of Strategic Outsourcing, Inc., a former Clarion portfolio company.Read More
Clarion Capital Partners Completes Investment in HROi
New York, March 11, 2015 - Clarion Capital Partners, LLC ("Clarion"), a New York-based middle market private equity firm, has completed a growth equity investment in HR Outsourcing Holdings, Inc. ("HROi"). The investment in HROi reunites Clarion with Anthony Danon who served as the COO of Clarion’s successful investment in a human resources outsourcing company in Fund I.Read More