Morneau Shepell to buy U.S. benefits division of PE-backed Ceridian
Morneau Shepell Inc has agreed to buy the U.S. health and welfare benefits administration business of Ceridian Corp. The deal, the value of which was not disclosed, is expected to wrap up at the end of the month. Morneau Shepell, a Canadian provider of human resources consulting and technology, said the acquisition adds to its core business and will support its continued growth in the United States. Based in Minneapolis, Minnesota, Ceridian is a provider of human resources software and service solutions. It was acquired by U.S. private equity firm Thomas H. Lee Partners and Fidelity National Financial Inc in 2007.
22 July 2015•3 mins read
