PrestigePEO Expands Market Reach with Strategic Acquisition of Concurrent HRO

Professional Employer Organization (PEO) PrestigePEO has announced its strategic acquisition of Concurrent HRO, a Colorado-based PEO, expanding its national market presence and service capabilities. This fifth acquisition demonstrates the company's ongoing commitment to growth and delivering comprehensive HR solutions to businesses across different regions.

The merger brings together two organizations with aligned business models and leadership philosophies, focusing on broker-friendly strategies and high-quality service delivery. By integrating Concurrent HRO's team and resources, PrestigePEO aims to enhance its offerings in the Midwest and Mountain regions, providing businesses with advanced HR technologies, comprehensive compliance support, and premium employee benefits.

PrestigePEO's CEO Andrew Lubash emphasized the strategic importance of the acquisition, noting that it represents a significant opportunity to create new value for brokers, clients, and employees. The integration will maintain Concurrent HRO's existing team, ensuring continuity and a personalized experience for current clients.

For businesses in the Western and Midwest regions, this acquisition signals improved access to sophisticated HR solutions. Concurrent HRO, already recognized as a Certified Professional Employer Organization, brings substantial expertise in delivering customized HR, payroll, and employee benefits services to organizations of varying sizes.

The strategic move aligns with PrestigePEO's broader objectives of innovation and market expansion. As a top-tier PEO recognized by industry authorities like the Employer Services Assurance Corporation and certified by the IRS, the company continues to strengthen its position in the competitive professional employer organization landscape.