Paychex acquires Charlotte-based HR services firm

Charlotte-based HR Outsourcing Holdings (HROI) has been acquired by Paychex, a New York firm that provides payroll, HR and benefits services.

HROI employs roughly 140 people at its Ballantyne offices, Paychex said in a statement Monday. Those workers are being offered continued employment with Paychex; none had to reapply for their jobs, a Paychex spokeswoman said.

Terms of the deal, which closed last Friday, were not disclosed.

“With the support, scale, and resources of Paychex, we can accelerate the growth of our combined HR solutions and enhance our offerings to best serve our current and future clients,” said HROI President and Chief Operating Officer Anthony Danon.

HROI is a professional employer organization (PEO) that started in 2001. It provides HR services like benefits, workers’ compensation and compliance for its clients.

This story was originally published August 22, 2017 at 8:14 AM with the headline "Paychex acquires Charlotte-based HR services firm."