Paper Trails, a Maine-based payroll and human resources services company, is excited to announce its acquisition of Local Economy Payroll, a respected family-run payroll service provider based in Portland, Maine. This acquisition signifies a new and promising chapter for both companies and their clients, as Local Economy Payroll founders Tom Gangewer and Jim Belanger transition into retirement.
- Background of Local Economy Payroll
- Founded with a mission to simplify life for small business owners.
- Trusted partner for businesses across Maine for many years.
- Built by Tom Gangewer and Jim Belanger, who have over 50 years of combined accounting experience.
- Known for delivering exceptional and affordable payroll services to a diverse client base.
- Transition and Legacy
- As Tom and Jim retire, they have chosen Paper Trails to continue their legacy.
- Paper Trails was founded in Brunswick in 2004 and has a strong reputation for intuitive and innovative payroll and HR services.
- The company has expanded its reach to serve thousands of clients across Maine and New England, supported by a dedicated team of 17 local experts.
- Integration of Teams
- Paper Trails will welcome Local Economy Payroll’s two employees, Abbey Gangewer and Brittany Wezner, into their team.
- Both employees will continue servicing their existing clients to ensure a seamless and positive transition.
- Statements from Leadership
- Tom Gangewer expressed the importance of finding a partner that shares their values: “Paper Trails has been a great friend to us as our industry evolved and compliance challenges grew.”
- Chris Cluff, President of Paper Trails, stated, “We are honored that Tom and Jim have entrusted us with continuing to provide exceptional payroll and HR services to their clients.”
The acquisition of Local Economy Payroll by Paper Trails highlights the commitment to maintaining excellence in payroll and HR services for clients in Maine. With a dedicated team and shared values, both companies are poised for a successful transition, ensuring continued high-quality service.
