Buck (formerly Buck Consultants) is a global HR benefits and human resource consulting firm based in New York City. On April 3, 2023, the company was acquired by Arthur J. Gallagher & Co.[1][2]
 | |
| Formerly |
|
|---|---|
| Industry | Professional services |
| Founded | 1916 |
| Founder | George B. Buck Sr. |
| Headquarters | New York City, United States |
Area served | Worldwide |
| Products | Human resource consulting and outsourcing |
| Owner |
|
Number of employees | 2,300 |
| Website | Official website |
History
editFounded as an actuarial firm in New York City in 1916 by George B. Buck Sr.,[3] 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.[4] The Buck Consultants brand name was scrapped in late 2003 when Mellon unified various business lines under the name Mellon Human Resource & Investor Solutions (Mellon HR&IS).[5]
Affiliated Computer Services (ACS) acquired Mellon's human resource businesses in 2005[6] 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".[7]
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.[8]
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.[9] Immediately after the close of the deal on August 13, the business became known as Buck.[10]
Arthur J. Gallagher & Co. completed the acquisition of Buck in April 2023.
Management
edit- Jack Freker – Chief Executive Officer
- Amy Podrasky – Chief Operating Officer
- Steve Coco – Chief Solutions Officer
- Mike Hardy – Chief Financial Officer
- Inderjit Jhajj – Chief Information Officer
- Rod Bernstein – General Counsel and Chief Human Resources Officer
- Dean Aloise – Managing Director (United States)
- David Piltz – Managing Director (United Kingdom)
- Greg Fayarchuk – Managing Director (Canada)
- Ravi Mehta – Head of Strategy and M&A
References
edit- ^ "Arthur J. Gallagher & Co. has completed its acquisition of Buck". Buck. Retrieved 2023-07-23.
- ^ "Arthur J. Gallagher & Co. Completes Acquisition of Buck". PR Newswire. Retrieved 2023-07-23.
- ^ "About Buck History". Buck Consultants. Archived from the original on January 17, 2012. Retrieved April 13, 2017.
- ^ Massey, Steve (December 31, 1996). "Mellon Buys Buck Consultants". Pittsburgh Post-Gazette. Retrieved April 13, 2017.
- ^ Avery, Helen (October 2, 2003). "Buck Consultants change name in Mellon rebranding". Investment & Pensions Europe. Retrieved April 13, 2017.
- ^ "ACS Acquires Mellon HR&IS" (Press release). Mellon. March 25, 2005. Retrieved April 13, 2017.
- ^ Dunning, Matt (July 15, 2014). "Buck Consultants renames to reflect Xerox brand unity". Business Insurance. Retrieved April 13, 2017.
- ^ Paterson, Jennifer (January 4, 2017). "Xerox splits off HR business, Buck Consultants becomes Conduent". Benefits Canada. Retrieved April 13, 2017.
- ^ Comtois, James (May 1, 2018). "Conduent sells former Buck Consultants business to H.I.G. Capital". Pensions & Investments. Retrieved May 9, 2018.
- ^ 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.
