TriSpan LLP, alongside Lead Edge Capital, has successfully closed a strategic financial transaction aimed at bolstering Prestige PEO Holdings, a leader in human resource services for small and mid-size businesses. This move is set to accelerate Prestige's growth trajectory and enhance its value creation capabilities. The investment reflects confidence in Prestige's proven track record and its unique broker model, which has facilitated organic growth and strategic acquisitions since TriSpan's initial investment in 2020.
Andy Lubash, CEO and Founder of Prestige, shared his optimism about the partnership's potential to seize market opportunities and expand the company's footprint. Baudoin Lorans, Partner at TriSpan, praised Prestige's customer-centric approach as a cornerstone of its success. Tim Bemer of Lead Edge Capital also commended the company for its efficient growth and high client satisfaction over the past two decades.
Prestige PEO Holdings stands out in the competitive HR services landscape by offering a comprehensive suite of services, including employee benefits management, payroll administration, and compliance support. Its accolades include ESAC accreditation, Workers Comp Risk Management certification, and IRS Certified Professional Employer Organization status, placing it among the elite 1% of Professional Employer Organizations.
The transaction was facilitated by key advisors such as Lazard Frères & Co. LLC as financial advisor, Goodwin Procter LLP as legal counsel, and Houlihan Lokey Capital Inc. providing a fairness opinion, underscoring the strategic importance and complexity of the deal.
