TriSpan Secures Continuation Vehicle for Prestige PEO Holdings, Signaling Continued Growth in HR Services Market

Private equity firm TriSpan has successfully closed a continuation vehicle for Prestige PEO Holdings, positioning the human resources services provider for significant growth and market expansion. The transaction, led by growth equity firm Lead Edge Capital, provides critical follow-on capital to support Prestige's strategic development in the competitive professional employer organization (PEO) sector.

Since TriSpan's original investment in 2020, Prestige has demonstrated substantial growth through organic expansion and strategic acquisitions. The company has completed five targeted acquisitions and expanded into new geographical markets, leveraging its unique broker-driven business model to serve small and mid-size businesses across the United States.

The continuation vehicle represents a vote of confidence in Prestige's business model and growth potential. By attracting investments from Lead Edge Capital and existing investors, including TriSpan, the transaction enables the company to continue its trajectory of market share acquisition and platform enhancement.

Prestige's differentiated approach centers on providing comprehensive outsourced human resource services, including benefits management, payroll administration, and compliance support. The company's high-touch, customer-centric strategy has resulted in impressive client retention and consistent performance.

CEO and Founder Andy Lubash emphasized the strategic importance of the continued partnership, highlighting the significant market opportunity in the PEO sector. The transaction positions Prestige to leverage its innovative technology and industry-leading customer service to drive further growth.

The closing of this continuation vehicle underscores the ongoing evolution and attractiveness of professional employer organizations in supporting small and mid-size businesses' administrative and HR needs. By combining technological innovation with personalized service, Prestige is well-positioned to capitalize on the growing demand for comprehensive HR solutions.