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Tampa HR outsourcing firm changes ownership

July 24, 2019 - CoAdvantage, a professional employer organization in Tampa, signed a definitive agreement to be acquired by Aquiline Capital Partners, a private equity firm investing in financial services and technology. Investment funds managed by Morgan Stanley Capital Partners have owned CoAdvantage since 2015. No financial terms of the transaction were disclosed. The management team led by Clint Burgess, president and CEO, will stay in place, a news release said. Founded in 1990, CoAdvantage offers a comprehensive HR outsourcing offering for small and medium sized businesses.

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