Kohlberg & Company to Acquire Majority Stake in Engage PEO
Summary
We are grateful for the role that Lightyear has played in our growth and look forward to their continued engagement in our success going forward.” Over its 36-year history, Kohlberg’s investments have been made in companies with leading positions in growing markets, in partnership with world-class management teams. “ Engage provides a truly differentiated PEO service offering that delivers unique value to its clients and channel partners,” said Alex Forrey, Managing Director at Kohlberg & Company. “ 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.” “ Kohlberg has studied the PEO industry and business model for over a decade, and the key drivers of growth for PEOs align squarely with the long-term themes within our Financial & Compliance Services Core Practice Area,” said Seth Hollander, Partner at Kohlberg & Company. “ We collaborated with the company on a number of key strategic initiatives including expanding the sales organization, launching a workers’ compensation program, and scaling the business by completing four add-on acquisitions. For over 20 years, Lightyear has worked closely with management and leveraged its industry expertise, network of advisors, and operating resources to accelerate growth and build market leading businesses.