Questco, Conroe-Based PEO, Hires Industry Veteran to Lead Company

Questco, a market leading Professional Employer Organization ("PEO") and Parallel49 Equity portfolio company, announced today that Jason Randall has been appointed Chief Executive Officer and will be appointed to Questco's board of directors. Mr. Randall was previously Managing Director at Insperity NSP, a provider of human resources and business solutions.

Questco (www.questco.net), is a premier PEO that provides outsourced human resource solutions, allowing its small and medium‐sized customers to focus on growing their businesses. Among the company's services are payroll and tax administration, employee liability and risk management, employee benefits and human resources training and other outsourced talent management solutions to enable its clients to attract and retain high performing talent.

"Along with my fellow directors, I am thrilled to appoint Jason Randall as CEO of Questco and we are confident he will be an excellent leader for the Company," said Nicholas Peters, Chairman of the Board of Questco. "His track record of achieving growth, energizing teams and creating value makes him an ideal fit. We are confident Jason will effectively lead the company through strategic planning, relentless execution and by focusing on meeting and exceeding the needs of our clients."

"Questco is a true leader in the PEO industry and it is an honor to join the Questco team," said Mr. Randall. "The success of many small and medium-sized businesses depends on their people, and Questco makes it easier to employ an engaged, productive workforce. Working with the highly talented Questco team, and our partners at Parallel49 Equity, I am confident that we will drive growth by building on the company's commitment to provide clients with Questco's signature service and unique approaches to HR outsourcing."

Mr. Randall succeeds Timothy Pratte, who is leaving to pursue other professional opportunities after several years in senior leadership roles at Questco.

About Jason Randall

Mr. Randall most recently served in a senior leadership position at Insperity, in the role of Managing Director, Middle Market Business Development. Prior to Insperity, Mr. Randall served as Chief Executive Officer of Freedom Holdings, a rapidly growing ecommerce company that appeared three times on the Inc. 500 list of fastest growing privately held companies. Earlier in his career, Mr. Randall held positions at Maritz Holdings, Boston Consulting Group, Deloitte & Touche and Goldman Sachs. He holds a Master in Business Administration from Northwestern University's Kellogg School of Management and a Bachelor of Science from the University of Missouri.

About Parallel49 Equity

Parallel49 Equity (www.p49equity.com), a leading private equity firm with offices in Lake Forest, Illinois, and Vancouver, British Columbia, invests in businesses in the business services and specialty manufacturing sectors, and works closely with its management teams to build market leading companies. Founded in 1996, Parallel49 Equity has acquired more than 80 companies during its 22-year history. Parallel49 Equity has raised five private equity funds, with committed capital from top-tier pension funds and other institutional investors.

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