BY STAFF REPORT
G&A Partners, a Texas-based HR outsourcer and professional employer organization (PEO), has acquired its local rival ProSource Management Solutions for an undisclosed amount.
The merger makes G&A one of the largest privately-held PEOs in Texas with more than 600 clients and over 16,000 worksite employees in the United States and Latin America.
“We are excited about the opportunities this acquisition provides G&A to deepen our talent base and invest in expanding our technology platform so that we are better positioned to deliver strategic human resource solutions to growing businesses,” said Tony Grijalva, chairman and CEO, G&A Partners.
G&A Partners in 2012 was the largest minority-owned business in Houston based on revenue, according to the Houston Business Journal’s Book of Lists. The company last year had 91 local employees — 45 percent of which were minorities — and made $475 million in revenue, according to the list.
“This is a synergistic alliance of two companies that are remarkably similar in their business philosophy and market approach,” said Kim Traylor, COO, ProSource.
Traylor will join G&A Partners’ executive team and will focus on helping manage client relationships and oversee general operations.
G&A said it would retain ProSource’s other 32 employees as well. Most will be working in the same, or a similar, capacity at G&A, in some cases servicing the same accounts they had been responsible for at ProSource. Ron Piperi will take on a consulting role with G&A for the next year.
Founded in 1995, G&A Partners specializes in human resource consulting, employee benefits, payroll administration and risk management.