TriSpan completed the acquisition of a majority stake in Prestige PEO Holdings.

TriSpan, a lower middle-market private equity firm, completed the acquisition of a majority stake in Prestige PEO Holdings, a professional employer organization. Financial terms were not disclosed. “The investment from TriSpan comes at a critical point in Prestige’s history. We were seeking to find a partner to assist us in accelerating our growth and extending our market reach. TriSpan is indeed the right fit, as evidenced by its experience in working with companies with a similar growth strategy and trajectory. This partnership will take us closer to our goal of becoming the nation’s leading PEO. We look forward to a mutually beneficial and productive relationship with TriSpan at our side,” Andrew Lubash, Prestige Founder and CEO.