Buck (human resources consulting company) explained

Buck
Founder:	George B. Buck Sr.
Location:	New York City, United States
Area Served:	Worldwide
Num Employees:	2,300
Industry:	Professional services
Products:	Human resource consulting and outsourcing

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]}

History

Founded 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

• 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

External links

• Buck website

Notes and References

1. Web site: Arthur J. Gallagher & Co. has completed its acquisition of Buck. Buck. 2023-07-23. en-US.
2. Web site: Arthur J. Gallagher & Co. Completes Acquisition of Buck. PR Newswire. 2023-07-23. en-US.
3. Web site: About Buck History . Buck Consultants . https://web.archive.org/web/20120117200657/http://www.buckconsultants.com/buckconsultants/spanidNavAboutspan/History/tabid/125/Default.aspx . January 17, 2012 . April 13, 2017 . dead .
4. Web site: Mellon Buys Buck Consultants . Steve . Massey . December 31, 1996 . . April 13, 2017 .
5. Web site: Buck Consultants change name in Mellon rebranding . Helen . Avery . October 2, 2003 . Investment & Pensions Europe . April 13, 2017 .
6. ACS Acquires Mellon HR&IS . March 25, 2005 . Mellon . April 13, 2017 .
7. Web site: Buck Consultants renames to reflect Xerox brand unity . Matt . Dunning . July 15, 2014 . Business Insurance . April 13, 2017 .
8. Web site: Xerox splits off HR business, Buck Consultants becomes Conduent . Jennifer . Paterson . January 4, 2017 . Benefits Canada . April 13, 2017 .
9. Web site: Conduent sells former Buck Consultants business to H.I.G. Capital . James . Comtois . May 1, 2018 . Pensions & Investments . May 9, 2018 .
10. Web site: Buck name revived as Conduent completes sale of HR consulting arm to H.I.G. Capital . Jonathan . Stapleton . August 14, 2018 . Professional Pensions . August 14, 2018 .