North Carolina-based PEO Network has purchased the Aegis Group, which was founded by T. Joe Willey, an early pioneer of employee leasing, known today as professional employer organizations (PEOs).
PEO Network is a consulting firm to the HRO industry.
"We’re pleased and honored to continue the legacy of T. Joe Willey, he’s an icon in our industry," said Carrie Aaron, president of PEO Network.
PEO Network plans to market Aegis Group material through a new seminar series called "Agency HRO Solutions." This seminar will educate owners of insurance agencies on the synergies of adding an HRO division to their companies.
"Independent Insurance Agencies have the highest rate of long-term success in launching a PEO because the barriers to entry are currently very high and they bring the right tools to the business," Aaron said.