DENVER, Oct. 3, 2017 /PRNewswire/ -- Aureon HR, a business solutions provider based in West Des Moines, Iowa, has acquired Peliton LLC, a Denver-based Professional Employer Organization (PEO).
The acquisition gives Aureon its first foothold in the Rocky Mountain region.
Dallas-based Capital Alliance Corp., a mid-market investment bank, represented Peliton in the sale.
Neal England, Capital Alliance managing director – HCM practice leader, sourced and directed the acquisition.
"There was broad-level, complementary synergy between Aureon and Peliton and both parties worked diligently together to create a highly successful transaction," England said.
Peliton, a Professional Employer Organization (PEO) founded in 2004, is a leading provider of human resource consulting, payroll administration, health plans, benefits administration, accounting services, workers' compensation and other services to small and mid-sized businesses located throughout Denver and in other states.
"The merging of Aureon and Peliton will create expanded services with broader resources for our clients, along with greater opportunities for our employees," said Frederick Miale, CEO of Peliton.
Miale said Capital Alliance Corp. was instrumental in bringing the two companies together. "Capital Alliance provided honest, straight-forward advice via a thorough M&A process that enabled us to maximize value while finding the best fit operationally," he said. "We were able to receive a value that exceeded our expectation, while also providing an exciting career opportunity for our Peliton team," Miale said.
For its part, Aureon said the transaction added talented, PEO-experienced team members who share the company's vision for service excellence. The transaction also positioned Aureon to expand throughout the western U.S.
"Aureon continues to seek high-quality opportunities to expand our business support services in markets with thriving business communities and to partner with successful organizations in those markets," said Joel Duncan, president, Aureon HR. "Peliton's success in serving the Denver business community aligns completely with these objectives."
About Peliton LLC (www.peliton.net)
Peliton LLC was founded in 2004 with the purpose of providing small to medium-sized businesses with access to professional expertise in areas such as payroll, employee benefits, workers' compensation, employee relations, and accounting services. Headquartered in Denver, Peliton minimizes the distractions that HR administration can create. Today, Peliton LLC is the business resource and services provider of choice for the Colorado Rocky Mountain Region. Peliton's dedication to client excellence allows clients to focus on what they do best— running their business and building on its success. For more information, visit peliton.net.
About Aureon (www.Aureon.com)
Aureon is a business solutions provider who connects possibilities to productivity by providing unique and scalable business support services for organizations — small and large. Serving clients nationally with a presence in 48 states, Aureon offers a comprehensive suite of support services, with a focus on HR, technology, contact center, and consulting services. Aureon's unique combination of talent, technology and tools enables clients to focus on their core business. For more information, visit Aureon.com.
About Capital Alliance Corp. (www.cadallas.com)
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 energy, technology, construction and engineering, manufacturing and human capital management. Since its founding in 1976, the privately held firm has completed more than 200 transactions with an aggregate transaction value in excess of $3 billion. For three decades, Capital Alliance has been a member of Oaklins, formerly M&A International, a membership organization of investment banking firms operating in the major economies of the world.
SOURCE Capital Alliance Corp.