GPS Capital Markets, LLC, a leading fintech firm offering corporate foreign exchange services, announced entering into a definitive agreement to be acquired by Corpay, Inc. (NYSE: CPAY), a leading corporate payments company.

G&A Partners acquires Utah-based PEO, Teamworks Group

Houston, TX — G&A Partners, a leading national professional employer organization (PEO) and human resources outsourcing (HRO) provider, announced today the acquisition of Teamworks Group, a prominent PEO and HR outsourcing provider based in Provo, Utah.

Founded by David McDougal, Teamworks Group has been providing exceptional customer service and strategic HR solutions to small businesses since 1996. The PEO has experienced substantial growth under the leadership of Chief Executive Officer Morgan Taylor and Chief Operating Officer Marshall Paxson who, prior to joining Teamworks Group, founded Docent HR. Teamworks Group and Docent HR merged in January 2020.

“Teamworks represents our fifth acquisition in the growing Utah market,” said G&A president and CEO John W. Allen, who has strong roots in Utah. Allen spent most of his childhood in Utah, then returned to attend the University of Utah and Brigham Young University. “Our first acquisition in Utah was Core Innovative Solutions almost 14 years ago, followed by Focus Management, AscendHR, and Pay Pros. Together we now serve over 730 clients and 14,000 worksite employees from offices in South Jordan and Provo. This gives us the purchasing power to offer our small-business clients competitive employee benefits, robust retirement plans, and state-of-the-art technology. This, in turn, gives them the time and resources to grow.”

Taylor and Paxson will continue to support the Teamworks Group staff and clients. “We are thrilled to embark on this journey as we join forces with G&A Partners,” Taylor said. “Together, we will expand our reach, which opens new possibilities and allows us to leverage our combined strengths to deliver unparalleled solutions and support to our clients. I am immensely proud of what we have achieved thus far, and I cannot wait to see the incredible impact we will make together as one unified team.”

This acquisition will expand G&A Partners’ presence in Utah County and will add local resources and relationships that will benefit current and future clients in this region of the state.

G&A Partners, which has been named to the Inc 5000 list of America’s fastest growing private companies 18 times, continues to grow with the thriving businesses it’s proud to serve. With this acquisition, G&A Partners will now provide best-in-class HR services, employee benefits, and technology to more than 3,800 clients nationwide and more than 95,000 worksite employees.

About G&A Partners 

G&A Partners, a leading national professional employer organization (PEO), has been helping entrepreneurs grow their businesses for almost 30 years. By delivering world-class services with trusted experts in HR administration, benefits, and payroll, clients now have the time and freedom they need to focus on what matters most — their employees, products and services, and their customers. 

Headquartered in Houston, G&A Partners has offices located throughout the U.S.