Monroe Capital LLC acted as the lead‑left administrative agent for a senior credit facility that will fund Coalesce Capital’s $450 million acquisition of DecisionHR Holdings, Inc., a national provider of professional employer organization (PEO) and HR outsourcing services for small‑ and mid‑size businesses.
DecisionHR, founded in 1996 and headquartered in St. Petersburg, Florida, has built a reputation for delivering payroll, benefits, workers’ compensation, and compliance solutions to more than 10,000 clients across the United States.
Coalesce Capital, a private‑equity firm that focuses on human‑capital‑driven and technology‑enabled services, sees PEOs as essential partners for small businesses. The acquisition expands its portfolio in a high‑growth segment and provides a platform for further technology investments and strategic acquisitions.
Monroe Capital’s involvement follows the close of its 2025 Private Credit Fund V, which raised $6.1 billion in new investable capital. The new credit facility adds a significant loan to the firm’s lower‑middle‑market lending portfolio and underscores its role as a key financier for private‑equity‑backed M&A transactions.
The deal positions Monroe Capital as an active lender in the private‑equity space, while giving Coalesce Capital the capital to accelerate DecisionHR’s growth through technology upgrades, talent acquisition, and potential add‑on purchases. The transaction also strengthens DecisionHR’s market position by providing the resources needed to expand its service offerings and geographic reach.
DecisionHR’s history of ownership changes—from its sale by First Advantage to Bankers Employer Services in 2011 to its current acquisition by Coalesce Capital—highlights its resilience and the attractiveness of the PEO market to investors seeking stable, recurring revenue streams.
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