Gevity acquires outsourcing firm HRAmerica

Gevity, which serves as the full-service human resources department for small and mid-sized businesses, announced the acquisition of HRAmerica, Inc. This acquisition provides Gevity with scalable technology to enhance its non-coemployment model, Gevity Edge Select(tm). HRAmerica is an HR outsourcing firm that offers fundamental employee administration solutions such as payroll processing and manager self-service to approximately 75 clients and 16,000 client employees.

"HRAmerica's robust and scalable engine provides a foundation with which we can support growth in Gevity Edge Select. In this non co-employed environment, we will broaden our target market while improving the quality and predictability of our earnings," commented Erik Vonk, Gevity's Chairman and Chief Executive Officer. "While the client portfolio of HRAmerica fits the profile of those businesses who could benefit from Gevity's broader comprehensive offering, the key reason for the transaction is to acquire the processes and technology to support our growth."