
Looking beneath the surface, PEO M&A continues to be led by larger acquirors in the space, with the majority of targets being on the smaller side, or regional PEOs.
BY JEREMY FALENDYSZ
December 2025/January 2026
For me, the exit process from conception to closing was not a straight line and it was not fast. In fact, making the decision to merge with another company took over ten years and multiple conversations with potential acquirers.

Deliver value early, refine as you go, and never let the pursuit of perfection delay progress. For clients, that approach means seeing tangible improvements (including faster support, better reporting, stronger compliance) while the larger systems continue to evolve behind the scenes.

The PEO M&A landscape is evolving. Deal flow remains healthy, but the drivers of value are shifting. As the cycle enters its later stages, platform operators must justify every dollar they spend to their boards and shareholders.
Yet, through all this change, CoAdvantage has grown immensely over the years, serving more and more small businesses. It’s a testamen
BY Chris Chaney
August 2025
Bill Maness is the founder and CEO of Syndeo, the only Wichita, Kansas-based PEO. He’s been an active member of NAPEO since joining t
BY Chris Chaney
October 2025
Escaping communist Cuba via Operation Pedro Pan, an underground network that brought over 14,000 unaccompanied children to the U.S., he
BY CHRIS CHANEY
November 2025When Jon Scoggins and a small team of Tulsa entrepreneurs gathered in late 2019 to map out a business strategy for a new kind of PEO, optimism was in no short supply. After three decades in the PEO industry, Scoggins had a clear vision for what a modern, people-first model could look like: elevated relationships …
BY CHRIS CHANEY
December 2025/January 2026