New York — Morgan Stanley Global Private Equity (MSPE) announced today that it has completed a majority investment in CoAdvantage, Inc., one of North America’s largest professional employer organizations (PEOs). MSPE partnered with the current management team who will remain in place and continue to drive organic and acquisition growth. CoAdvantage is a leading PEO that offers small and mid-sized businesses a comprehensive package of outsourced human resources solutions enabling them to reduce their administrative burden, ensure compliance with employer regulations, and gain access to affordable employee benefits. The company integrates payroll and tax processing, employee benefit plan administration, risk...