Team Administration Providers Acquires Corporate Business Remedies

RICHFIELD, Ohio, June 19, 2020 /PRNewswire/ — Team Administration Products and services Inc. declared nowadays the acquisition of Corporate Business enterprise Solutions, a Georgia-primarily based Human Means Outsourcing company.

CBS was founded additional than 20 a long time ago as a third celebration 401(k) administrator, creating around time into managing a whole array of HRO solutions. This acquisition will increase about 70 clients and 3,500 worksite staff members to GMS.

As a Qualified Employer Organization (PEO), GMS supplies a suite of detailed HR remedies, permitting purchasers to focus on core business enterprise. These products and services include things like Payroll, Human Sources, Risk Administration, and Rewards.

Equally businesses share an emphasis on providing their clients a aggressive edge when it comes to the technology, company degrees, and human means they give. This is obvious in the fact that they share a 90-additionally per cent client retention charge, effectively about the marketplace average.

Locate out how PEOs enable companies:

GMS commenced in the Cleveland region in 1996, sooner or later increasing into Columbus and Cincinnati, and now have 10 places of work nationwide. The acquisition of CBS will more increase their consumer base exterior of Ohio and improve their presence in the Southeast.

“We’ve been hoping to develop our footprint outside the house of Ohio and have been exhibiting some good results in the previous 5 yrs,” GMS President Mike Kahoe mentioned. “In 2014, we have been 99 % Ohio-primarily based. These days we are 90 % Ohio-centered and this will go us closer to 80 p.c, making us a extra various organization.”

CBS President Jim Karle adds, “The acquisition by GMS will help CBS to more deliver on its assure to provide our shoppers a large array of excellent coverage solutions that are affordably priced. Boosting our clients’ competitive edge has often been main to CBS – this accelerates our means to do that for our many valued clients.”

GMS programs to keep on their expansion and expand organically and via acquisitions moving forward. This is just the beginning of a lot more to arrive.

About Group Management Expert services
GMS has partnered with extra than 1,500 consumers throughout the place, symbolizing about 26,000 workers from 10 distinct spots throughout the United States. We empower individuals clients to outsource all their again-workplace capabilities the places of payroll, human sources, risk management, and workers’ compensation. For additional information and facts on GMS, check out:

Resource Team Management Companies Inc.

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