M&A Deal Summary

CoAdvantage Acquires The Nelco Companies

On January 2, 2008, CoAdvantage acquired staffing company The Nelco Companies

Acquisition Highlights
  • This is CoAdvantage’s 1st transaction in the Staffing sector.
  • This is CoAdvantage’s 1st transaction in the United States.
  • This is CoAdvantage’s 1st transaction in Florida.

M&A Deal Summary
Date 2008-01-02
Target The Nelco Companies
Sector Staffing
Buyer(s) CoAdvantage
Deal Type Add-on Acquisition
Advisor(s) Hyde Park Capital Advisors LLC (Financial)

Target

The Nelco Companies

Florida, United States
NELCO® is professional employer organizations in the country. The company, which provides payroll, benefits, workers’ compensation, and online technology products and services, was founded 24 years ago by Virginia (“Ginny”) Dorris.

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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 1 of 8
Sector (Staffing) 1 of 6
Type (Add-on Acquisition) 1 of 8
State (Florida) 1 of 3
Country (United States) 1 of 8
Year (2008) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-26 Discovery Outsourcing

Denver, Colorado, United States

Discovery Outsourcing, LLC is a Professional Employer Organization, handling administrative responsibility for their customer’s human resources issues, including payroll and payroll taxes, employee benefits and workers’ compensation.

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