WEST CHESTER, Pa.--(EON: Enhanced Online News)--PrimePay announced today that, through the consolidation of affiliates located across the country, it is now the nation’s largest independent, privately owned payroll processor.
“This allows us to focus solely on the needs of our clients and further expand a national footprint that will allow for sustainable growth over the long term.”
The consolidation of the four PrimePay regions, which had all previously operated independently under the PrimePay brand, was orchestrated by industry veteran William J. Pellicano, who remains CEO of the consolidated PrimePay. Pellicano was one of the original founders who created the PrimePay concept, leveraging a state-of-the-art proprietary payroll processing platform they developed. To commemorate the consolidation, PrimePay has just unveiled a new website as the focal point of a nationwide branding campaign.
“Today, PrimePay becomes one united company 27 years in the making,” says Pellicano. “In today’s increasingly complex web of HR, benefits, and taxes, small to mid-size businesses are desperate for a single source that can provide a comprehensive and customized solution to burdensome regulatory, health care, and compliance issues. Through this consolidation, we are now better positioned to offer our clients the wide array of products and services found only with a national company while maintaining the same highly personalized service on which PrimePay has built its reputation. In addition, this enables PrimePay to provide new and exciting career growth opportunities nationally to our employees, who have been instrumental in providing the outstanding client service for which we are known.”
The key to the consolidation is PrimePay’s proprietary software platform, which has supported each of the previously independent PrimePay operations over the past two decades. Now, as the largest independent, privately held payroll processor, PrimePay is uniquely positioned to leverage its resources to develop innovative new solutions to meet the challenges arising from the significant changes currently taking place in health care, employee benefits, and tax law.
“I believe small payroll processors simply don’t have the capacity to keep up with the increasing demands for broader service offerings and regulatory compliance, while the larger providers are challenged to deliver the personalized customer service that many small to mid-size businesses desire,” says Pellicano. “We see this as a huge opportunity to emerge as the industry’s third largest full-service payroll processor by filling a market void and growing quickly by remaining true to our core values of practical solutions delivered with friendly, personalized service.”
The consolidation transaction was completed without the use of any external debt or outside capital from the private equity industry. “We are proud to remain independent, which keeps us free from answering to the short-sighted demands of Wall Street, lenders, or private equity firms,” Pellicano adds. “This allows us to focus solely on the needs of our clients and further expand a national footprint that will allow for sustainable growth over the long term.”
PrimePay is an employee management solutions provider offering a full range of integrated payroll and HR support services. As the nation’s largest independent, privately owned payroll processor, PrimePay serves all 50 states from more than 30 office locations, delivering highly personalized and comprehensive payroll processing services, workers’ compensation insurance, benefits administration, workforce solutions, HR support services, and software as a service (SaaS) solutions. With 500 employees nationwide, PrimePay, headquartered in West Chester, PA, holds a fanatical devotion to serving its clients and franchises. For more on PrimePay, visit http://www.primepay.com/.