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Products April 12, 2002
Pacel Acquires Benecorp
December 4, 2002 (PLANSPONSOR.com) - Pacel Corp. has
announced the acquisition of Dallas-based Benecorp, in a cash
and stock transaction worth 100% of Benecorp's assets,
according to a company press release.
Reported by Eric Hazard
With the acquisition, Pacel said it will enter the professional employer organization (PEO) industry; providing services like payroll, human resource management, insurance benefits, employee training and risk management to small businesses
“The Benecorp acquisition will add revenue of approximately $20 million in revenues and provide a major first step in the execution of Pacel’s roll-up strategy of acquiring regional PEOs,” said Pacel CEO, David Calkins.