HR XCEL Announces Acquisition of Outsourcing Solutions Firm

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HR XCEL, LLC, has reached an agreement with Palmer & Cay, Inc. to acquire their Outsourcing Solutions Group (OSG).

HR XCEL, LLC, an experienced provider of human resource outsourcing and benefits administration services, has reached an agreement with Palmer & Cay, Inc. to acquire their Outsourcing Solutions Group (OSG) headquartered in Grand Rapids, Mich.

As of March 1, 2005, HR XCEL assumed all existing HR Outsourcing services for OSG clients. All clients will be serviced from HR XCEL’s corporate headquarters in Charlotte, N.C.

“This acquisition is a great fit for us, based on our goal to double our market share by the end of 2005,” said Barbara Sheridan, president and co-founder of HR XCEL. “We’re excited to welcome these new clients to the HR XCEL family and we look forward to a long and successful relationship with them and with Palmer & Cay.”

“We went through an extremely arduous process to select an HRO provider that could give our clients a high level of service,” said Dave Morgan, managing partner, Palmer & Cay. “HR XCEL enjoys a stellar reputation for exceeding client expectations and we were comfortable that by choosing them, our clients would be in good hands. The fact that Palmer & Cay and HR XCEL use the same technology platforms helped confirm that they would be able to provide a smooth transition for our clients.”

Established in 1868 in Savannah, Ga., Palmer & Cay, Inc. is one of the oldest, largest and most respected professional services firms in North America. Palmer & Cay’s capabilities encompass the entire spectrum of insurance brokerage, risk management, compensation and benefits consulting services. For more information, visit http://www.palmercay.com.

HR XCEL provides comprehensive human resource outsourcing and benefits administration services for a wide range of clients. Founded by veteran HR professionals, the company continues to actively recruit other HR professionals with years of corporate experience, in order to offer clients a high-level of service and knowledge. For more information, visit http://www.hrxcel.com.

This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.

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Jeff Mortland
HR XCEL
704-357-6008
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