M&A Deal Summary

CoAdvantage Acquires SourcePointe

On January 13, 2021, CoAdvantage acquired staffing company SourcePointe

Acquisition Highlights
  • This is CoAdvantage’s 5th transaction in the Staffing sector.
  • This is CoAdvantage’s 7th transaction in the United States.
  • This is CoAdvantage’s 1st transaction in Alabama.

M&A Deal Summary
Date 2021-01-13
Target SourcePointe
Sector Staffing
Buyer(s) CoAdvantage
Deal Type Add-on Acquisition

Target

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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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 7 of 8
Sector (Staffing) 5 of 6
Type (Add-on Acquisition) 7 of 8
State (Alabama) 1 of 1
Country (United States) 7 of 8
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-19 Remedy Employer Services

Bradenton, Florida, United States

Remedy Employer Services is a provider of integrated human resources solutions. Remedy Employer Services offers outsourced HR services, benefits and payroll to Florida’s thriving small business community with a reputation for superior customer service. Remedy Employer Services was founded in 2010 and is based in Bradenton, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-14 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.

Buy -
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