DALLAS and FLORENCE, Ala., July 11, 2016 /PRNewswire/ -- Lyons HR of Florence, AL, has announced the acquisition of Nashville, TN, based Aabakus Inc., a professional employer organization, effective June 30, 2016.
Capital Alliance Corp. of Dallas counseled Lyons on the acquisition. Brad Buttermore, Capital Alliance managing partner and CFO, sourced and directed the acquisition.
This transaction strengthens Lyons HR's position in the vibrant Nashville employment market. Through organic growth and strategic acquisitions, the company now provides services for more than 610 clients in 40 states, totaling more than 12,000 worksite employees.
As a full service human resource company, Lyons HR serves clients through its PEO and Staffing divisions. The company is accredited by the Employer Services Assurance Corporation (ESAC). The PEO operations provide full human resource outsourcing services for small and medium-sized businesses. The staffing operation delivers temporary-to-placement, contingent labor supply and recruiting services for employers of all sizes, with clients ranging from a single location to multi-national Fortune 500 companies.
Capital Alliance has worked with Lyons HR for more than 10 years, advising the company on four acquisitions. "Brad and his team continue to provide trusted advice," said Bill Lyons, CEO of Lyons HR. "They have located strategic acquisition targets that fit well with Lyons' operating philosophy and that we need to meet our growth objectives."
"We appreciate the way Brad approached us and helped navigate the challenges we encountered during the process," added Susan Goyer, president & CEO of Aabakus Inc., and a 30-year PEO industry veteran. "We believe becoming part of Lyons HR was an excellent decision for our clients, who will receive additional, improved service offerings under Lyons HR".
About Lyons HR
Lyons HR was founded as a staffing company in 1995. In 2013 the company developed and began implementation of a strategic plan to become a premier human resource management company in the southeastern United States. The company now has 13 office locations in four states.
About Aabakus Inc.
For more than 30 years Aabakus Inc. has provided outsourced HR services for small companies. The firm offers a wide range of human resource services, including nearly every aspect of payroll preparation, human resource management, employee benefits, government compliance and workers' compensation administration.
About Capital Alliance Corp.
Capital Alliance Corp. is a global mid-market investment banking firm, providing consulting services for mergers and acquisitions. The company represents client companies in a variety of markets, including human capital management, energy, technology, construction and engineering, manufacturing and other business services.
SOURCE Capital Alliance Corp.