Hooman Nikzad started National PEO, a human resources outsourcing company that provides payroll services and many more HR and insurance services to its business clients more than 20 years ago. And recently the company was sold to Vensure Employer Services, a leading PEO with a presence throughout the United States. Nikzad, who is a first generation immigrant to the United States, started his first business selling t-shirts at a flea market when he wasn’t even 18 years old. …
Now, years later, he has achieved his dream by completing his third multi-million dollar sale of a company that he created.
One of the original clients of Radix when it started more than 10 years ago, firm Principal Jonathan Frutkin worked with National PEO through its business challenges and opportunities, including the recent sale.
“Business is about relationships”, noted Nikzad, former Chief Executive Officer of National PEO. “It is a world of difference when a lawyer understands the business, but more importantly the people.”
Radix served as General Counsel to National PEO, which had more than 20,000 worksite employees located in Arizona and throughout the country.
“Whether it was an employee matter, a business opportunity or a conflict, we were happy to support Hooman and the team at National PEO,” said Frutkin. “It is a real treat to be part of a management team of a company that has demonstrated excellence in the Arizona market for so many years.”