CoAdvantage Acquires SourcePointe

February 19, 2021

Willkie represented CoAdvantage in the transaction.

CoAdvantage Corporation, a leading national provider of strategic human resource solutions for small to mid-sized companies, acquired Alabama-based SourcePointe, a provider of outsourced HR services. The merger of the two companies will expand CoAdvantage’s footprint into Alabama, Tennessee, and Mississippi while accelerating the company’s growth and further strengthening its position in the national market.

The transaction follows the opening of three additional CoAdvantage offices in Arizona, Georgia and North Carolina and the recent launch of CoAdQuantum, a proprietary HR and payroll platform. It also marked the first standalone HR platform developed by a privately held PEO.

CoAdvantage is a leading Professional Employer Organization (PEO) that offers small and mid-sized businesses a comprehensive package of human resource solutions, enabling them to reduce their administrative burden and access affordable employee benefits.

SourcePointe is an Alabama-based Professional Employer Organization (PEO) with over 15 years of experience in providing payroll administration, workers’ compensation, employee benefits, and human resource solutions to all size businesses at a national level.

The Willkie deal team was led by partner Jeffrey Poss and associate Thomas Sharkey.