Divestiture • Business Services

Xcel HR Acquires HR America

On January 20, 2010, Xcel HR acquired business services company HR America from Gevity HR

Acquisition Context
  • This is Xcel HR’s 1st transaction in the Business Services sector.
  • This is Xcel HR’s 1st transaction in the United States.
  • This is Xcel HR’s 1st transaction in Indiana.

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M&A Deal Summary

Date January 20, 2010
Target HR America
Sector Business Services
Buyer(s) Xcel HR
Sellers(s) Gevity HR
Deal Type Divestiture

Target Company

HR America

Fort Wayne, Indiana, United States
HR America, Inc. is an HR outsourcing firm that offers fundamental employee administration solutions such as payroll processing and manager self-service to approximately 75 clients and 16,000 client employees.
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Buyer Overview 1

Buyer

Xcel HR

Hudson, Massachusetts, United States

Category Company
Sector Business Services
DESCRIPTION

Xcel HR Corp. is a provider of HR services.


Deal Context for Buyer #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Divestiture 1 of 1
State: Indiana 1 of 1
Country: United States 1 of 1
Year: 2010 1 of 1

Seller Profile 1

SELLER

Gevity HR

Bradenton, Florida, United States

Category Company
Founded 1993
Sector Business Services
Employees656
DESCRIPTION

Gevity HR, Inc. is a complete human resources management solutions provider, offering outsourced services for employee recruitment, management, and retention, for payroll processing, benefits administration, and related paperwork, as well as for compliance with government regulations.


Deal Context for Seller #
Overall 1 of 1
Sector: Business Services 1 of 1
Type: Divestiture 1 of 1
State: Indiana 1 of 1
Country: United States 1 of 1
Year: 2010 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-19 HR America

Fort Wayne, Indiana, United States

HR America, Inc. is an HR outsourcing firm that offers fundamental employee administration solutions such as payroll processing and manager self-service to approximately 75 clients and 16,000 client employees.

Buy -