Xcel HR Enhances Government Contracting Sector Services with Acquisition of PEO Division of Checks And Balances, Inc.

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Xcel HR Leverages Government Contractor Services with Acquisition of HR Outsourcing (PEO) Division with a 30 Year Track Record of Serving that Sector. Company Expects Significant Growth through Leveraging Existing Relationships and Technology.

Leading HR Outsourcing firm with service centers across the U.S.

Acquisition Strategy Continues

Looking ahead to 2011, we are particularly excited to leverage existing relationships and grow our market share in the Government Contractor Sector

Xcel HR announced today that it had acquired Checks and Balances’ PEO Service Line from Manassas Virginia-based Employment Enterprises, Inc. (EE,Inc). For the past 30 years EE,Inc has been providing PEO, recruiting, staffing, and other HR Outsourcing services with a prime focus on the Government Contractor Sector. Checks and Balances, EE,Inc’s brand for its PEO operation, will now be part of Xcel HR. EE, Inc. and Checks and Balances will continue to operate all other aspects of its business.

“This move continues our year-long strategy of growth through acquisition. The PEO operations, service, and sales staff at Checks and Balances are both extremely experienced and excellent at serving larger PEO clients. Looking ahead to 2011, we are particularly excited to leverage existing relationships and grow our market share in the Government Contractor Sector,” said Ted Winglass, president of Xcel HR. “With this step, we now also have achieved our goal of a full service processing, sales, and marketing hub in the Mid-Atlantic.” Mr. Winglass went on to say, “This new entity adds an additional 1,000 lives into our PEO block. Xcel HR now provides PEO services for over 5,000 worksite employees and payroll, ASO, and other HR Outsourcing services to another 8,000 employees. As a company we serve clients in 46 states.”

Xcel HR provides payroll, HRIS, employee benefits, benefit administration, risk management and human resource “smartsourcing” services to small and mid-size businesses. With sales and service offices in Boston, Washington, DC, Fort Wayne, Indiana, and Birmingham, Alabama, and independent sales representatives in Texas, Colorado, and California, Xcel HR is positioned to serve businesses in most regions of the U.S.

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David Flook
Xcel HR
978 562-3312 ext. 19
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