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TriNet owner reports interest in Gevity deal

May 29 2008

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.

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