NEW YORK, August 13, 2018 – Buck, an integrated HR consulting, benefits administration and technology services firm, today announced that it has completed its previously announced sale to an investment fund managed by H.I.G. Capital. The transaction creates a premier, independent organization with a global footprint.
Buck, initially founded in 1916 as an actuarial consulting firm, today offers a world-class portfolio of benefits advisory, analytics, administration, employee engagement and communication solutions powered by best-in-class technology to help its clients serve their employees and retirees. Buck is a trusted partner to leading Fortune 500 global, national and regional companies and governmental agencies with longstanding relationships that span decades.
“As an independent entity operating under the relaunched Buck brand, we are well positioned to grow across all aspects of our business. With global scale and best-in-class technology, combined with our deep bench of experienced and passionate professionals, we are proud to continue serving as a trusted partner to our clients. Buck is uniquely positioned amongst its competitors as a nimble, agile and client-centric provider for customized solutions to drive positive health, wealth and career outcomes for employees,” said Jack Freker, Chief Executive Officer at Buck. “We are eager to embark on this new chapter of accelerated growth and investment in our organization, employees, technology and capabilities.”
“Buck is an excellent platform within the integrated HR consulting and outsourcing space. We’ve invested in an exciting organization with a full suite of services, differentiated technology, global scale, an exceptionally talented group of employees and leaders and unparalleled client tenure,” said Matt Lozow, Managing Director at H.I.G. “We look forward to further helping Buck scale its existing services and build new solutions for a dynamic marketplace.”
About Buck
Buck is an integrated HR consulting, benefits administration and technology services provider. Headquartered in New York, with global operations, Buck is focused on helping its clients realize the best organizational performance for their business while driving positive health, wealth and career outcomes for their people. For additional information, visit www.buck.com.
About H.I.G. Capital
H.I.G. is a leading global private equity and alternative assets investment firm with over $25 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Mexico City, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach. Since its founding in 1993, H.I.G. has invested in and managed more than 200 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.
Media contact:
Lumina Communications for Buck
Michael Gallo
1.212.239.8594
Buck@luminapr.com
* Based on total capital commitments managed by H.I.G. Capital and affiliates.