Silva Capital Solutions, Inc. (SCS) is pleased to announce the completion of LandrumHR's partnership with The Employee Management Team.
Wanda J. Silva, President of SCS, sourced and managed the acquisition.
The Employee Management Team (TEMT) offers many PEO services such as HR Support, Payroll and Tax Administration, Benefits Administration and Risk Management. LandrumHR has decided to work with TEMT for many reasons, including both companies being accredited by the Employer Services Assurance Corporation (ESAC). This certification helps assure clients that they are continuously monitored for adherence to financial, ethical, and operational standards.
Rick Ratner, owner of TEMT comments,"
Wanda Silva and I met many years ago in the PEO space. I appreciated the opportunity to use the wisdom, advice, and counsel of Silva Capital's experience to get this transaction secured and completed."
Gordon Berger, attorney with Ford Harrison, represented TEMT in the transaction.
Landrum HR, whose main location is in Pensacola, Florida is a staffing and PEO company that provides hiring and staffing solutions, as well as HR outsourcing, training, and consulting. Landrum is pleased to serve the TEMT clients located in the Sarasota region, including Lakewood Ranch, Venice, Palmetto, Manatee, and Bradenton.
"Landrum HR spent the first 45 years establishing a strong local foundation. We are currently focused on building out our regional presence, and Silva Capital is playing a significant role in that growth through several acquisitions that they have assisted us with," says Landrum HR President,
Britt Landrum III.
Wanda J. Silva adds--
"It was an honor to work with two reputable ESAC (Employer Services Assurance Corporation) companies in the completion of this transaction. As we celebrate our 20th year as the premier Merger & Acquisition Advisor to PEO, HRO and Outsourced Business Service Companies, we honor our clients, without whom we could not have accomplished our goals. The PEO industry is solid, strong, and poised for growth. Consolidation continues to make sense and the Merger & Acquisition front remains very active."