Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Health Insurance > Health Insurance

AlpaStaff Scoops Up Another PEO

Your article was successfully shared with the contacts you provided.

AlphaStaff Group Inc., a professional employer organization, has agreed to acquire Selective HR Solutions Inc. from an insurance distributor.

Selective HR is a PEO subsidiary of Selective Insurance Group Inc., Sarasota, Fla. (NASDAQ:SIGI), according to AlphaStaff, Fort Lauderdale, Fla.

AlphaStaff is not announcing the cost of the deal, but it says it hopes to complete the deal around Jan. 1, 2010.

Once the deal is completed, the 900 insurance agents at Selective Insurance will market AlphaStaff PEO services, AlphaStaff says.

AlphaStaff now has 50,000 employees at customers’ worksites, and it would emerge from the deal with a total of 70,000 worksite employees.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.