Aquiline-backed CoAdvantage to merge with PrimePay.

Aquiline-backed CoAdvantage, a Professional Employer Organization (PEO) that provides a comprehensive suite of bundled, fully outsourced human resources services, insurance, and benefits offerings to small- and mid-sized businesses, agreed to merge with PrimePay, a payroll and human resources software business that helps small- and mid-sized businesses and franchises automate payroll, tax filings, workforce management, and compliance. Financial terms were not disclosed. "At the heart of this combination is recognition that the needs of our customers across both companies regularly change as they grow and meet new challenges. Joining forces better enables the delivery of an outstanding experience to all our customers as they evolve in size and preference across the full range of self- to full-service solutions. This combined capability in the payroll and HR technology market will further strengthen CoAdvantage’s and PrimePay’s positions of industry leadership," Joe Pappalardo, Aquiline Partner.