Kohlberg, a private equity firm, agreed to acquire a majority stake in Engage PEO, a professional employer organization providing HR outsourcing solutions, from Lightyear Capital, a private equity firm. Financial terms were not disclosed. “Engage provides a truly differentiated PEO service offering that delivers unique value to its clients and channel partners. We believe the value proposition Jay and his team have built solves many of the critical issues businesses face in today’s complex operating environment and we are excited to be partnering together,” Alex Forrey, Kohlberg Managing Director.