Brown Gibbons Lang & Company (“BGL”) is pleased to announce CoAdvantage, a portfolio company of Morgan Stanley Capital Partners, has acquired Total HR Management. BGL served as the exclusive financial advisor to CoAdvantage on the transaction. Specific terms of the transaction were not disclosed.
Based in Los Angeles, California, Total HR Management is a leading regional PEO that provides outsourced human resources solutions, including payroll administration, workers’ compensation, employee benefits, and human resource management to a white-collar client base. Total HR has focused on providing superior, high-touch service to their clients which has contributed to the Company’s successful growth and excellent reputation. CoAdvantage plans to grow through continued organic growth and additional add-on acquisitions.
Clifford Sladnick, head of BGL’s Business Services practice, led the engagement with CoAdvantage and Morgan Stanley Capital Partners. Sladnick’s experience in the PEO industry spans more than ten years, having previously served as an executive officer at Gevity HR, then the largest PEO in the country. Commenting on the transaction, Sladnick said, “BGL is very proud of our ongoing relationship with CoAdvantage and Morgan Stanley Capital Partners. The success of this engagement demonstrates the extent of BGL’s expertise and network within the PEO industry.”
Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in Business Services, Consumer & Retail, Environmental & Industrial Services, Healthcare & Life Sciences, Industrials, and Real Estate. BGL has offices in Chicago, Cleveland, Philadelphia, San Antonio, and San Diego, in addition to Global M&A partner offices in more than 50 countries across 5 continents. BGL is able to deliver to our clients unparalleled access to strategic relationships, investors, and opportunities globally. For more information, please visit www.bglco.com.
CoAdvantage, a portfolio company of Morgan Stanley Global Private Equity, provides human resource solutions to small and mid-sized businesses across the country. Headquartered in Tampa, Florida, CoAdvantage serves nearly 3000 clients representing more than 50,000 worksite employees in all 50 states. The experience of our executive leadership team and internal workforce allow us to deliver outstanding service to our customers, including entrepreneurial startups to those in more mature industries. For more information, please visit www.coadvantage.com.