HR Outsourcing Holdings, Inc., a Clarion Capital Partners Portfolio Company, Completes Sale to Paychex, Inc.
New York, August 22, 2017 – HR Outsourcing Holdings, Inc. (“HROI” or “the Company”), a leading professional employer organization and portfolio company of Clarion Capital Partners, LLC (“Clarion”), has been acquired by Paychex, Inc., a leading provider of human capital management solutions for small to medium sized businesses.
Clarion invested in HROI as a platform for growth and acquisitions in the human resources outsourcing industry, supporting the strategic plan of the Company’s management, Carl Guidice, CEO, and Anthony Danon, President & COO. Messrs. Guidice and Danon previously led Clarion’s former portfolio company, Strategic Outsourcing, Inc., which was acquired in 2012.
“HROI executed an ambitious growth plan in a very short period of time,” said Eric Kogan, a Partner at Clarion. “We are thrilled to have had the opportunity to invest behind this management team a second time and we wish them success in their new roles.”
“The team did a tremendous job driving growth and optimizing operations, including the integration of an acquisition,” said Jon Haas, a Managing Director at Clarion.
“The partnership with Clarion was instrumental in growing the business organically and through acquisition,” said Carl Guidice, CEO of HROI.
“Our people have been the core driver of our success, and we look forward to joining forces with Paychex to enhance our ability to support our clients,” said Anthony Danon, President & COO of HROI.
HROI was advised on the transaction by Duane Morris LLP and Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.
About HROI
HROI is a professional employer organization based in Charlotte, North Carolina, providing human resources outsourcing to small and medium sized businesses. The company specializes in payroll administration, safety and risk management, workers’ compensation, human resource administration, compliance and benefits administration.
About Clarion Capital Partners, LLC
Clarion Capital Partners is a New York based private equity firm that focuses on making control equity investments in lower middle market growth companies. Clarion’s industry focus includes Business & Healthcare Services, Specialty Financial Services, Media, Entertainment & Technology, and Consumer & Retail. Additional information on Clarion can be found at www.clarion-capital.com.
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