Fort Lauderdale, Fla. – August 5, 2024 – Engage PEO, a leading professional employer organization (PEO) providing HR outsourcing solutions to small and mid-sized businesses across the U.S., is pleased to announce it has merged with SynchronyHR, a national PEO headquartered in St. Louis, Missouri. This is the seventh acquisition for Engage PEO in the past two years, following those of Innovative Employer Solutions in April 2022, CEOHR in August 2022, Fusion Employer Services in September 2022, GenesisHR Solutions in November 2022, ZampHR in September 2023, and Human Resources Inc. (HRi) in June 2024.
"We could not be more excited about this transaction," said Jay Starkman, CEO of Engage PEO. “Engage and SynchronyHR share the same customer-focused service philosophy and go-to-market strategy centered on partnering with insurance brokers. This acquisition is an exceptional opportunity for Engage to expand into new markets and add a hub in the heart of the Midwest. I am particularly excited to work again with Kyle Kelly, SynchronyHR’s CEO. Kyle is a long-time colleague, friend and a successful PEO and insurance industry executive. His leadership expertise, PEO savvy and knowledge of the region will be invaluable to Engage as we continue to grow together.”
Kelly will remain with Engage as a Senior Vice President focused on driving further growth in the Midwest, where Synchrony has achieved strong success.
“Synchrony’s mission has always been to empower businesses to become better employers,” Kelly said. “Engage’s remarkable success and sterling reputation for delivering best-in-class service means the service level to our clients will only be enhanced by the added resources the combined companies bring to the table. Both companies align operationally and culturally, which benefits our internal employees and will help drive a seamless transition for all. Like Engage, we also deeply value the relationship that insurance brokers and their clients share. I am looking forward to joining Jay and the Engage team, which includes many former colleagues, and helping to form new partnerships and long-term relationships with agencies and companies across the Midwest.”
Jones Day acted as legal advisor to Engage PEO in connection with the acquisition. Akerman acted as legal advisor to SynchronyHR.
About Engage PEO
Engage PEO delivers comprehensive HR solutions to small and mid-sized businesses nationwide, sharpening their competitive advantage. Comprised of the industry’s most respected veteran professional employer organization executives, certified HR professionals, and attorneys, Engage PEO provides hands-on, expert HR services and counsel to help clients minimize cost and maximize efficiency for stronger business performance. The company’s superior service offering includes a full range of payroll technology and tax administration, employer compliance, health and workers’ compensation insurance products, advanced technology, and risk management services as part of an extensive suite of HR services.
Engage PEO was among the first PEOs awarded the Certified Professional Employer Organization (CPEO) designation by the Internal Revenue Service (IRS), ensuring greater benefits for small and mid-sized businesses such as tax advantages and financial protections. Engage PEO is also accredited by the Employer Services Assurance Corporation. Engage PEO was named to Inc. magazine’s list of the 5000 fastest-growing companies seven times since 2016. For more information on Engage PEO, visit www.engagepeo.com.