Leading area human resources outsourcing firm finds buyer

TAMPA — Aquiline Capital Partners, a private equity firm that invests in financial services and technology companies, has acquired CoAdvantage, a Tampa-based human resources outsourcing firm. New York-based Aquiline bought CoAdvantage from investment funds managed by Morgan Stanley Capital Partners, which owned the company since 2015, according to a statement.

Financial terms of the transaction weren’t disclosed. The management team, led by CoAdvantage President and CEO Clint Burgess, will remain in place following completion of the transaction.