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GEVITY HR
OVERVIEW
Gevity HR was one of the nation's leading providers of HR services to smaller businesses. Through a proprietary technology platform, it offered a broad range of outsourced services that allow clients to cut costs and eliminate many of the burdens of employee administration.
www.gevityhr.com
CEO1ST PARTNER(S)
Erik Vonk, Chairman and CEO, was formerly President and CEO of Randstad North America, a subsidiary of the world’s third largest staffing services provider. He started Randstad’s North American operations and built a $1.5 billion organization in six years. Frontenac had worked with Vonk on a prior CEO1ST project.
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STATUS
Frontenac led a $30 million private financing in 2003, when the company was publicly traded
Stock price appreciated four-fold from 2003-05, driven by revenue and profit growth
Gevity was acquired by TriNet Group in 2009
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