Paychex Completes Acquisition of Advance Partners
Paychex, Inc., a leading provider of payroll, human resource, insurance, and benefits outsourcing solutions for small- to medium-sized businesses, today announced it has completed the acquisition of Advance Partners, a leading provider of integrated financial, operational, and strategic services to support independent staffing firms.
Advance Partners, a Cleveland, Ohio-based company founded in 1998, offers customizable solutions to the temporary staffing industry, including payroll funding and outsourcing services, which include payroll, invoicing, and tax preparation. Advance Partners’ staffing firm clients work with more than 7,500 businesses. Those clients hire and process approximately 200,000 temporary positions annually.
Advance Partners will operate as a wholly owned subsidiary of Paychex. Terms of the acquisition were not disclosed.