Denver-based Peliton Acquired by Aureon
Business Solutions Provider, Aureon, continues their expansion in the Colorado Mountain Region.
Denver, Colo. (September 11, 2017) — Peliton LLC. announced today they have been acquired by Aureon, a Des Moines, Iowa-based company specializing in providing business support solutions such as Technology, HR, Contact Center, and Consulting services.
Founded in 2004, Peliton has grown over the past 13 years delivering solutions designed so clients can devote their energies to their core business. By providing access to professional expertise in areas such as payroll, employee benefits, workers' compensation, employee relations and accounting services, Peliton minimizes the distractions that HR administration can create.
“We (Aureon) continue to seek opportunities to expand our business support services in markets that have thriving business communities and partner with successful organizations in those markets. Peliton’s success in serving the Denver business community align completely with these objectives”, says Joel Duncan, President, Aureon HR.
Capital Alliance Corporation, a global mid-market investment banking firm, providing consulting services for mergers and acquisitions, introduced Peliton to Aureon HR as a company that would meet Aureon’s goals of strategic expansion in the greater Denver and Rocky Mountain areas. Aureon’s strategic vision focuses on both organic growth and the acquisition of organizations that have shared values and client experience objectives.
“We are excited to partner with Peliton and its talented staff to serve the greater Denver business community with a broader range of business support and HR services,” says Duncan. “This partnership fully aligns with our objectives for continued growth and success by supporting select high growth business markets.”
“The merging of Aureon and Peliton will create expanded services for our clients and greater opportunities for our employees,” says Frederick Miale, CEO of Peliton. “We are so excited for both our clients and employees of Peliton to become an integral part of the Aureon Western expansion.”
Following the acquisition, Peliton, who was represented by Capital Alliance Corporation, will continue to maintain and operate out of their Denver location. Financial terms of the transaction are undisclosed.
About Aureon (www.Aureon.com)
Aureon is a business solutions provider who connects possibilities to productivity by providing unique and scalable business support services for organizations — small and large. Serving clients nationally with a presence in 48 states, Aureon offers a comprehensive suite of support services, with a focus on Technology, HR, Contact Center, and consulting services. Aureon’s unique combination of talent, technology and tools enable clients to focus on their core business. For more information, visit www.Aureon.com.
About Capital Alliance Corp.
Capital Alliance Corp. is a global mid-market investment banking firm, providing consulting services for mergers and acquisitions. The company represents client companies in a variety of markets, including energy, technology, construction and engineering, manufacturing and business services. Since its founding in 1976, the privately held firm has completed more than 200 transactions with an aggregate transaction value in excess of $3 billion. For three decades, Capital Alliance has been a member of Oaklins, formerly M&A International, a membership organization of investment banking firms operating in the major economies of the world.
About Peliton. LLC. (www.Peliton.net)
Peliton LLC. was founded in 2004 with the purpose of providing small to medium-sized businesses with access to professional expertise in areas such as payroll, employee benefits, workers' compensation, employee relations, and accounting services. Headquartered in Denver, CO., Peliton minimizes the distractions that HR administration can create. Today, Peliton LLC. is the business resource and services provider of choice for the Colorado Rocky Mountain Region. Peliton’s dedication to client excellence allows clients to focus on what they do best— running their business and building on its success. For more information, visit www.Peliton.net.