TriNet Completes Acquisition of Florida-based Gevity HR, Inc.
TriNet has completed its acquisition of Gevity HR, Inc. and has become one of the nation’s leading HR outsourcing companies serving small businesses, with approximately 8,000 clients employing more than 130,000 people nationwide.
“Our vision is to capitalize on the deep expertise from both companies in order to equip clients with industry-specific services and solutions, breaking with the ‘one size fits all’ approach that companies have typically been forced to endure from HR outsourcing providers,” said Burton M. Goldfield, TriNet’s President & CEO. “TriNet intends to provide solutions that solve business challenges for customers across multiple industries, and in doing so, create a small business HR outsourcing offering unlike any that has ever existed.”
TriNet is a high-performance California-based company that has achieved 74% cumulative revenue growth over the last three years and has exceeded $100 million in revenue in 2008. The acquisition of Gevity aligns with TriNet’s plans to become the country’s premier HR outsourcing company with the reach, technology, and industry expertise to serve clients everywhere.
TriNet’s majority investor is General Atlantic, a global growth equity firm with approximately $13 billion under management.
TriNet and Gevity: “The Best of Both Worlds” for Clients
The combined skills and strengths of this company will offer clients the “best of both worlds,” enabling them to partner with one of the nation’s leading HR providers for small companies. Clients will gain:
Industry-specific HR outsourcing services
- Tailored offerings for select industries
- Industry-specific Human Capital Consulting best practices
- Flexible service models to fit different levels of need
A national presence with local teams
- National scale with dual-coast service centers
- Dedicated local experts
- Trusted advisors for small business owners
- Broad choice of more than 100 medical plans nationwide
A solid, long-term partner who will grow as clients grow
- Continued innovation
- Combined strengths of both Gevity and TriNet
We look forward to serving our new clients and working with our new colleagues.