Morneau Shepell closes purchase of PE-backed Ceridian's benefits unit

Morneau Shepell Inc (TSX: MSI), a Canadian provider of human resources consulting and technology, has wrapped up its acquisition of the U.S. health and welfare benefits administration business of Ceridian Corp. The financial terms of the previously-announced deal were not released. Ceridian has been backed by U.S. private equity firm Thomas H. Lee Partners and other investors since 2007.

4 August 2015•3 mins read
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