Lightyear Capital, a New York-based private equity firm focused on financial services investing, have acquired Engage PEO, a professional employer organization providing HR outsourcing solutions to small and mid-sized businesses across the US. The company will continue to operate as Engage PEO, and the current management team will remain part of the ownership structure and in place with no operational changes impacting clients and brokers. The transaction is expected to close in the second quarter of 2019, and financial terms were not disclosed. “The PEO industry represents an attractive growth sector for Lightyear, one that we have been tracking for years. Engage focuses on delivering the highest levels of quality service to its growing client base. We look forward to working with Jay and his management team to add to an already successful effort to grow their portfolio of clients and services.” Mark Vassallo, Lightyear Capital Managing Partner.