TAMPA, FL — Feb 5, 2018 — 10:00 AM EST
CoAdvantage Corporation ("CoAdvantage"), a leading national provider of strategic human resource solutions for small to mid-sized companies, today announced that Clinton Burgess has been appointed Chief Executive Officer of the combined CoAdvantage organization. Mr. Burgess assumes this role following his prior successful leadership as CEO of Progressive Employer Management Company (PEMCO), a Florida-based Professional Employer Organization (PEO) with over 30,000 worksite employees, which merged with CoAdvantage in October 2017.
Mr. Burgess' appointment represents a significant step in the integration of PEMCO and CoAdvantage. "By bringing together these talented teams, we have assembled many of the best leaders in the industry," said Clinton. "We have spent substantial time assessing the combined organization and adopting best-in-class practices and procedures. I am excited to have the opportunity to continue to improve the quality and breadth of services we provide our clients." Under Clinton's leadership, CoAdvantage is uniquely positioned to provide clients with the best products, technology and service model, as well as the increased benefits of national scale. With the recent additions of PEMCO and California-based Total HR, CoAdvantage increased in size by nearly 70% and now provides industry leading and comprehensive HR services including, payroll, benefits, risk management and HR administration to more than 4,500 small and medium businesses nationwide.
"Clinton has a proven track record in the PEO industry for driving client service and product excellence," said Jim Howland, Chairman of CoAdvantage and Managing Director of Morgan Stanley Capital Partners. "His industry experience and track record for successfully integrating and scaling PEO businesses are a tremendous asset to CoAdvantage's continued growth and national expansion." Morgan Stanley Capital Partners made a substantial investment in CoAdvantage in October 2015 and continues to support the growth of the business.
Headquartered in Tampa, Florida, CoAdvantage, Inc. is a leader in human resource solutions, providing Professional Employer Organization (PEO) services to small and medium-sized businesses nationwide. A portfolio company of Morgan Stanley Capital Partners, CoAdvantage has offices throughout Florida and Texas, as well as Colorado, California, New York and New Jersey, serving approximately 90,000 worksite employees nationwide. For more information, visit www.coadvantage.com.
About Morgan Stanley Capital Partners
Morgan Stanley Capital Partners, part of Morgan Stanley Investment Management, is a leading middle-market private equity platform that has invested capital in a broad spectrum of industries for over two decades. Morgan Stanley Capital Partners focuses on privately negotiated equity and equity-related investments primarily in North America, as well as Europe and other regions and seeks to create value in portfolio companies primarily through operational improvement. For further information about Morgan Stanley Capital Partners, please visit www.morganstanley.com/im/capitalpartners.