 | |
| Formerly |
|
|---|---|
| Industry | Professional services |
| Founded | 1916 |
| Founder | George B. Buck Sr. |
| Headquarters | New York City, United States |
Area served | Worldwide |
| Products | Human resource consulting and outsourcing |
| Owner |
|
Number of employees | 2,300 |
| Website | Official website |
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]
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.
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