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Riverside Exits Outsourced HR Business G&A Partners

Ã×À¼ÌåÓý (Riverside), a global private investment firm focused on the smaller end of the middle market, has exited its investment in G&A Partners, Inc. (G&A), a leading national professional employer organization (PEO) and human capital management provider, to global alternative asset management firm TPG. This exit was completed as part of an investment led by TPG into the business.

Headquartered in Houston, Texas, G&A supports over 3,000 small- and medium-sized businesses nationwide through a full suite of technology-enabled human resources services. By delivering world-class services with trusted HR administration, benefits and payroll experts, G&A clients gain the time and freedom they need to focus on what matters most—their employees, products, services and customers.

“Throughout our three-year hold, G&A made several complementary add-on acquisitions, expanding the company’s footprint and client roster,� said Riverside Managing Partner George Cole. “G&A continues to be at the forefront of the PEO and human capital management space, bringing a demonstrated record of best-in-class services. We’ve been impressed with the team's commitment and dedication and believe they are well-positioned for success as they move into this new chapter of growth.�

This is another example of Riverside’s focus on business services. The firm has invested in more than 350 platform and add-on companies in the business services sector since 1988 as part of its private equity and flexible capital strategies.

“We’re thankful for our partnership with Riverside and the guidance they have provided us,� said G&A CEO John Allen. “We’ve unlocked growth opportunities across the country and solidified our position as a leader in the PEO and HR services industry.�

Working with Cole on this deal were Founding Partner, Origination, Robert Landis and Senior Origination Coordinator Stephanie Barbera. Partner, Origination, Cheryl Strom sourced the original deal for Riverside.

Piper Sandler advised Riverside and G&A on this deal.