M&A Deal Summary

CoAdvantage Acquires MomentumHR

On November 14, 2022, CoAdvantage acquired staffing company MomentumHR

Acquisition Highlights
  • This is CoAdvantage’s 6th transaction in the Staffing sector.
  • This is CoAdvantage’s 8th transaction in the United States.
  • This is CoAdvantage’s 1st transaction in Georgia.

M&A Deal Summary
Date 2022-11-14
Target MomentumHR
Sector Staffing
Buyer(s) CoAdvantage
Deal Type Add-on Acquisition

Target

MomentumHR

Savannah, Georgia, United States
MomentumHR is a professional employer organization (PEO) providing payroll administration, workers’ compensation, employee benefits, and human resource solutions to all sizes of businesses at a national level. MomentumHR was founded in 2000 and is based in Savannah, Georgia.

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Buyer(S) 1

Buyer

CoAdvantage

Tampa, Florida, United States
Category Company
Founded 1997
Sector Information Technology
DESCRIPTION

CoAdvantage engages in human resource solutions, providing Professional Employer Organization (PEO) services to small and medium-sized businesses nationwide. CoAdvantage specializes in and excels at handling human resources. CoAdvantage are HR experts who work as your outsourcing partner to administer payroll, benefits, workers’ compensation, and core HR functions. CoAdvantage was founded in 1997 and is based in Tampa, Florida.

DEAL STATS #
Overall 8 of 8
Sector (Staffing) 6 of 6
Type (Add-on Acquisition) 8 of 8
State (Georgia) 1 of 1
Country (United States) 8 of 8
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-13 SourcePointe

Birmingham, Alabama, United States

SourcePointe is a provider of outsourced HR services. SourcePointe provides payroll administration, workers’ compensation, employee benefits, and human resource solutions to all size businesses at a national level. SourcePointe was founded in 2003 and is based in Birmingham, Alabama.

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