Buck (formerly Buck Consultants) is a global HR benefits and
human resource consulting The human resource consulting industry has emerged from management consulting and addresses human resource management tasks and decisions. HR Consultants can fill two typical roles (1) Expert Resource Consultant (2) Process/People consultant. These ...
firm controlled by
H.I.G. Capital
H.I.G. Capital is a Miami, Florida–based private equity and alternative assets investment firm with $53 billion of equity capital under management. The firm operates a family of private equity, growth equity, credit/ special situation, primary ...
.
History
Founded as an
actuarial firm in
New York City
New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the U ...
in 1916 by George B. Buck Sr., 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
Mellon Financial Corporation was an investment firm which was once one of the world's largest money management firms. Based in Pittsburgh, Pennsylvania, it was in the business of institutional and high-net-worth individual asset management, incl ...
. The Buck Consultants brand name was scrapped in late 2003 when Mellon unified various business lines under the name Mellon Human Resource & Investor Solutions.
Affiliated Computer Services
Affiliated Computer Services Inc. (ACS) was a company that provided information technology services as well as business process outsourcing solutions to businesses, government agencies, and non-profit organizations. ACS was based in Dallas, Texas ...
(ACS) acquired Mellon's human resource businesses in 2005 and reintroduced the Buck Consultants brand. In 2010,
Xerox
Xerox Holdings Corporation (; also known simply as Xerox) is an American corporation that sells print and digital document products and services in more than 160 countries. Xerox is headquartered in Norwalk, Connecticut (having moved from St ...
acquired ACS for $6.4 billion. Buck Consultants was later rebranded as "Buck Consultants at Xerox".
At the beginning of 2017,
Conduent
Conduent Inc. is an American business services provider company headquartered in Florham Park, New Jersey. It was formed in 2017 as a divestiture from Xerox. The company offers digital platforms for businesses and governments. , it had over 31 ...
was spun off from Xerox. Buck Consultants, which was one of the businesses spun off, was renamed Conduent HR Services.
In May 2018, Conduent announced that it would sell the Buck Consultants portion of its business to
H.I.G. Capital
H.I.G. Capital is a Miami, Florida–based private equity and alternative assets investment firm with $53 billion of equity capital under management. The firm operates a family of private equity, growth equity, credit/ special situation, primary ...
, starting the clock on a 90-day transition period in which it hoped to complete the sale. Immediately after the close of the deal on August 13, the business became known as Buck.
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
References
External links
{{Portal, Companies
Buck website
Actuarial firms
Consulting firms disestablished in 2016
Consulting firms established in 1916
Human resource management consulting firms
International management consulting firms
Management consulting firms of the United States
Business process outsourcing companies
1916 establishments in New York (state)
2016 disestablishments in New York (state)