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Paychex completes Advance Partners acquisition

December 28, 2015

Paychex Inc. (NASD: PAYX), a provider of payroll services and PEO services, completed the acquisition of Advance Partners, a large payroll funding and outsourcing services provider to the US temporary staffing industry. Paychex announced the deal earlier this month.

Cleveland-based Advance Partners will operate as a wholly owned subsidiary of Paychex. Terms of the acquisition were not disclosed.

Advance Partners, founded in 1998, has approximately 130 employees and all will be offered employment with Paychex.