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TriNet owner General Atlantic said there may be advantages to some type of deal between TriNet and Gevity HR Inc. (NASD: GVHR), according to a filing with the U.S. Securities and Exchange Commission. General Atlantic reported the acquisition of a 9.5% stake in Gevity for $14.6 million. The filing also stated "the reporting persons also believe there may be benefits to exploring a potential strategic transaction between the company and TriNet Group Inc."
Gevity, a Bradenton FL-based professional employer organization, ranked as the 25th largest staffing company in the U.S., according to Staffing Industry Analysts' list of largest staffing firms in the U.S. TriNet, a San Leandro CA-based PEO, ranked No. 35.