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.