WEST CHESTER, Pa. - PrimePay will acquire IOI’s existing client base, employees, intellectual property, and a portion of physical property.
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.
You can see the full release on PRWeb by clicking here.