Human resources firm expands in Southeast with acquisition

TAMPA — Tampa-based CoAdvantage Corp. has announced that it has acquired Birmingham, Ala.-based SourcePointe, which provides outsourced human resources services.

The purchase will give the strategic human resources firm to small- and mid-sized companies an entry into markets in Alabama, Tennessee and Mississippi. It will also accelerate CoAdvantage’s growth and strengthen its position throughout the U.S., acorrding to a statement. 

“We are excited to begin the new year with the addition of SourcePointe to the CoAdvantage family, bringing with it a high standard of service and an excellent team,” says CoAdvantage President and CEO Clint Burgess in the statement.

SourcePointe CEO Robby Pierce will remain “in an integral role at the combined company,” Burgess adds.

The purchase follows CoAdvantage’s debut of three new offices in Arizona, Georgia and North Carolina, and the launch of CoAdQuantum, a HR and payroll platform. The company says it is also pursuing other acquisitions as a means of further growth.

“CoAdvantage shares SourcePointe’s commitment to providing excellent service, coupled with a robust technology offering for today’s workforce,” Pierce says in a statement.

“We are pleased to join with CoAdvantage and provide our customers with a broader range of services and greater size and scale,” Pierce adds regarding SourcePointe, which was founded in 2003. “Exemplary service to our clients will continue to be our combined mission.”