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The combined organization could rank in the top 10 of PEOs in the country, according to CoAdvantage. The combined entity includes two PEOs, a human resource outsourcing company, an insurance agency, and the benefits administration software and services company.
"We will enhance our bundled HR solutions to the small employer by incorporating the strengths of NELCO, while the PlanSource acquisition will provide the necessary software platform to effectively deliver our solution to employers of the mid-market," said CoAdvantage CEO Dayne Williams.
NELCO was one of the top 25 PEOs in the country before its acquisition by CoAdvantage and was the 68th largest private business in
Staffing Industry Analysts ranked NELCO No. 21 among largest PEOs in 2005.