Buck Consultants

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Buck
IndustryProfessional services
Founded1916; 102 years ago (1916)
HeadquartersNew York City, United States
Area served
Worldwide
ProductsHuman resource consulting and outsourcing
Number of employees
1,500
ParentH.I.G. Capital
WebsiteOfficial website

Buck (formerly Buck Consultants) is a global HR benefits and human resource consulting firm controlled by H.I.G. Capital.

History[edit]

Founded as an actuarial firm in New York City in 1916 by George B. Buck Sr.,[1] in 2016 the firm had more than 1,500 employees and affiliates in nearly 200 global locations.

Buck Consultants remained an independent organization until 1997 when it was acquired by Mellon Financial.[2] The Buck Consultants brand name was scrapped in late 2003 when Mellon unified various business lines under the name Mellon Human Resource & Investor Solutions.[3] Affiliated Computer Services (ACS) acquired Mellon's human resource businesses in 2005[4] and reintroduced the Buck Consultants brand. In 2010, Xerox acquired ACS for $6.4 billion. Buck Consultants was later rebranded as "Buck Consultants at Xerox".[5]

At the beginning of 2017, Conduent was spun off from Xerox. Buck Consultants, which was one of the businesses spun off, was renamed Conduent HR Services.[6]

In May 2018, Conduent announced that it would sell the Buck Consultants portion of its business to H.I.G. Capital, starting the clock on a 90-day transition period in which it hoped to complete the sale.[7] Immediately after the close of the deal on August 13, the business became known as Buck.[8]

References[edit]

  1. ^ "About Buck History". Buck Consultants. Archived from the original on January 17, 2012. Retrieved April 13, 2017.
  2. ^ Massey, Steve (December 31, 1996). "Mellon Buys Buck Consultants". Pittsburgh Post-Gazette. Retrieved April 13, 2017.
  3. ^ Avery, Helen (October 2, 2003). "Buck Consultants change name in Mellon rebranding". Investment & Pensions Europe. Retrieved April 13, 2017.
  4. ^ "ACS Acquires Mellon HR&IS" (Press release). Mellon. March 25, 2005. Retrieved April 13, 2017.
  5. ^ Dunning, Matt (July 15, 2014). "Buck Consultants renames to reflect Xerox brand unity". Business Insurance. Retrieved April 13, 2017.
  6. ^ Paterson, Jennifer (January 4, 2017). "Xerox splits off HR business, Buck Consultants becomes Conduent". Benefits Canada. Retrieved April 13, 2017.
  7. ^ Comtois, James (May 1, 2018). "Conduent sells former Buck Consultants business to H.I.G. Capital". Pensions & Investments. Retrieved May 9, 2018.
  8. ^ Stapleton, Jonathan (August 14, 2018). "Buck name revived as Conduent completes sale of HR consulting arm to H.I.G. Capital". Professional Pensions. Retrieved August 14, 2018.

External links[edit]