PrimePay will acquire IOI’s existing client base, employees, intellectual property, and a portion of physical property.
West Chester, PA (PRWEB) - PrimePay, LLC announced today that it completed the acquisition of the assets of Interlogic Outsourcing, Inc. (IOI).
Based in Elkhart, Ind., IOI provides online payroll and human resources services to its clients across the nation.
The asset acquisition was permitted by the U.S. Bankruptcy Court following IOI’s August 2019, bankruptcy filing. Along with the existing client base and employees, PrimePay will also be acquiring the organization’s intellectual property and a portion of its physical property.
“We are excited to bring renewed energy, stability and opportunity to IOI’s loyal clients and dedicated employees,” said PrimePay CEO Bill Pellicano. “By joining a nationwide family, employees have an opportunity to grow and continue building their careers. For clients, we will be bolstering the high-quality service they’ve come to expect while offering to them valuable resources and an additional suite of services. And for the Elkhart business community, we are looking forward to joining you.”
With this acquisition, PrimePay will provide welcoming onboarding services to new clients to ensure a smooth transition.
“We work diligently to be a reputable, dependable partner whom business owners can trust. We understand that there have been challenges with IOIPay’s ownership, and it is our promise to guide their clients through this transition as easily as possible, and to develop a longstanding relationship,” said Pellicano.
Pellicano and other members of the PrimePay team have been meeting with IOI employees to embrace them and introduce them to PrimePay’s culture, policies and processes.
Our goal is to take care of back-office tasks so business owners can get back to doing what they love. And we’ve being doing it since 1986. Whether that’s running their business or getting involved in their community, PrimePay exists to help business owners by ensuring compliance and providing exceptional support.
PrimePay is an employee management solutions provider offering a full range of integrated payroll and HR support services. By delivering highly personalized payroll processing services, benefits administration and ensuring compliance for all clients, we’ve been able to expand our presence nationwide. Honing the talents of more than 600 employees and serving over 40,000 clients across our product suite, PrimePay holds the principles of serving its clients to the highest of standards.