Questco acquired Profit Advantage, a provider of outsourced human resources for small- and medium-sized businesses based in Omaha, Nebraska. The acquisition of Profit Advantage represents Questco’s first add-on acquisition of a professional employer organization (“PEO”) and comes just one month after the platform investment in Questco. Profit Advantage expands
Parallel49 Equity announces the acquisition of Questco, LLC (“Questco”). Based in Houston, Texas, Questco is a professional employer organization (“PEO”) that provides outsourced human resource solutions, allowing its small- and medium-sized customers to focus on growing their businesses. Among the company’s bundled services are payroll and tax administration, employee liability
Fund V and its investment advisory business have been renamed Parallel49 Equity. The name Parallel49 Equity signifies the firm’s roots and presence on both sides of the 49th Parallel, which connects Canada and the United States. It is a fitting reference to the firm’s long history of successful investing