Charlotte N.C. -- HR XCEL, LLC, a 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.
“This acquisition is a great fit for us, based on our goal to double our market share by the end of 2005,” says 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.”
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.
“We went through an extremely arduous process to select an HRO provider that could give our clients a high level of service,” says 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.”