Global Employer of Record (EOR) and multi-country payroll (MCP) joins TopSource Worldwide to accelerate group vision
TopSource Worldwide announces today its acquisition of Compandben, one of the first global Employer of Record (EOR) and multi-country payroll (MCP) businesses. This is the third acquisition made by TopSource since being backed by Horizon Capital nine months ago (December 2020).
Compandben has grown over 20 years to be a well-respected leader in supporting the growth ambitions of organisations worldwide. The addition of its capabilities in EOR and MCP services will augment the Group’s offering in these strategic areas. The combined group will employ over 200 people with clients across the globe.
The combination of TopSource Worldwide and Compandben is a significant milestone in the development of the Group’s plan to bring together international payroll and EOR service providers and become the leading global EOR and MCP business.
”I am excited to be joining forces with one of the most established businesses in our space. Compandben has grown over 20 years to be a well-respected leader in supporting the growth ambitions of organisations worldwide.Guil HastingsCEO, TopSource Worlwide
Hastings believes the combination of the businesses will support TopSource Worldwide in its strategy to become the leading global EOR and MCP business. He continued:
”Whilst we increase our breadth of geographic coverage, we are also increasing our payroll and EOR capabilities. We anticipate service to Compandben clients will be positively transformed by our ‘PEO Hub’ and workflow software.Guil HastingsCEO, TopSource Worlwide
”I’ve known Guil for many years and kept a keen eye on TopSource Worldwide, watching the business go from strength to strength. The company has a great team and a respected reputation in the marketplace. When the opportunity arose, it seemed like a great fit for both our Compandben customers and team.John TinsleyCompandben, Founder and CEO
”The combination of Compandben with TopSource Worldwide is an important step in our journey to create a leading global employment compliance services group with international payroll, EOR and MCP coverage. We look forward to continuing our support of TopSource Worldwide’s organic growth and M&A strategies.Tom MaizelsPartner, Horizon Capital
TopSource Worldwide will continue, with the support of Horizon Capital, to build on its vision to provide the best in EOR and MCP services to its clients across the world.