Chicago, Ill. -- Benefitdecisions Outsourcing Inc., a subsidiary of Chicago-based Benefitdecisions Inc., has completed its first strategic acquisition.
The acquisition of the New York-based U.S. operations of global human resource consulting and outsourcing firm Black Mountain Management Inc. marks Benefitdecisions' continued expansion into the fast-growing human capital outsourcing industry.
"We are excited with the opportunities that we gain by joining the Benefitdecisions family of companies," says Black Mountain's Founder and Chairman, Stephen Medici. "We eagerly anticipate the extension of our capabilities to include Benefitdecisions' expertise in benefit consulting, risk management and brokerage services. The combination of services uniquely positions both firms as market leaders, while offering end-to-end benefit and HR consulting and brokerage services to an underserved middle market."
Black Mountain, founded in 1994, will continue to operate out of its New York office under its brand name, Black Mountain Group.
"Black Mountain provides us with the depth and breath of capabilities in HR consulting and outsourcing that are highly complementary to our current employee benefits services," says Mark Matuscak, Founder and President of Benefitdecisions. "HR consulting and outsourcing represents one of the most promising growth opportunities for our business, and we are well positioned to take advantage of this trend with the addition of an established market leader like Black Mountain."
Benefitdecisions and Black Mountain share a corporate commitment to delivering ethical, creative and cost effective solutions using a customized, client-centric approach.