PEO Worldwide and TopSource merge to create leading global employment group
PEO Worldwide, the partner of choice for international employment services, is merging with TopSource — a frontrunner in global payroll and cloud and mobile HR — to create one leading global employment group.
By: PEO Worldwide
Backed by UK-based private-equity firm Horizon Capital, the group has gained committed funding for investment in marketing and sales, new leadership and talent, and the acquisition of new businesses.
The specialist group has also appointed a new Board of Directors; Guil Hastings will become Group CEO, Paul Sleath will become Group Head of EoR and they are joined by Group CFO Nick Wain, former CFO of payroll leader Zellis and Non-Executive Chairman Martin Smith who commented: 'I am looking forward to working with Horizon Capital and the Executive Team to support the new group in setting, implementing and achieving our exciting organic growth and acquisition strategy'.
This new way forward will allow the group to accelerate immediate growth plans and invest in sustained long-term business growth, driving success both now and in the future.