Daily News

View All News

CoAdvantage gets foothold in California with acquisition of Los Angeles-based PEO

October 25, 2017

PEO CoAdvantage today announced the acquisition of Total HR Management, a Los Angeles-based PEO, that will provide CoAdvantage with its first office in California. And it will become the core of the Tampa, Fla.-based company’s California operations.

“The acquisition of Total HR provides CoAdvantage with a strategic entry-point to the California market through a strong regional provider with a history of success and services excellence,” CoAdvantage President and CEO Mike Maseda said.

Terms of the transaction were not announced, but the deal closed last Thursday.

CoAdvantage’s acquisition of Total HR follows its deal with PEMCO earlier this month. CoAdvantage, a portfolio company of Morgan Stanley, will now serve approximately 90,000 worksite employees in all 50 states.

Total HR was founded in 2004 and operates out of three client-servicing operations in Los Angeles; Orange County, Calif.; and Malone, NY.