Morneau Shepell completes acquisition of U.S. health and welfare benefits administration business of Ceridian

Aug 04, 2015, 06:00 ET from Morneau Shepell US

ATLANTA, GA, Aug. 4, 2015 /PRNewswire/ - Morneau Shepell, (the "Company" or "Morneau Shepell") (TSX: MSI), a leading North American provider of human resources consulting and technology, today announced that it has completed the acquisition of the U.S. health and welfare benefits administration business of Ceridian.

"As one of the largest benefits administration providers in the U.S., this acquisition reaffirms our commitment to grow our operations and service offering in this highly important market," said Jared Kesler Smith, Senior Vice President, Business Development, U.S. Region, Morneau Shepell. "Our people are integral to our business. As a result of this deal, we are thrilled to welcome a talented team of professionals who will help drive our continued growth and meet the unique and ever-evolving needs of our customers."

More than 100 highly experienced benefits administration professionals from Ceridian have joined Morneau Shepell. Sixty-five Ceridian clients, ranging from small businesses with several hundred employees to businesses with very large employee bases, will see their services continued uninterrupted under the Morneau Shepell banner. These clients will continue to work with the same team members who know them, their business and their needs.

In addition to the existing Morneau Shepell offices in the United States, this transaction will extend the Company's U.S. presence by adding offices in St. Petersburg and Salt Lake City.

Morneau Shepell is a North American leader in health and benefits administration consulting and services. In June of this year, Morneau Shepell was named one of the top five defined benefit pension plan providers in the U.S. by PLANSPONSOR magazine. In 2012, Morneau Shepell acquired U.S.-based SBC Systems to enhance its Benefits Administration platform (the Ariel™ system).

About Morneau Shepell Inc.

Morneau Shepell is a North American company with global reach offering an integrative approach to health, benefits, retirement and employee assistance needs. In the United States, Morneau Shepell provides expertise in plan administration, retirement solutions and billing management with a highly flexible technology platform that improves its clients' performance. With nearly 50 years of experience, the Company has almost 4,000 employees and serves approximately 20,000 clients ranging from health plans, small businesses, large corporations, associations, unions, and local and state governments. For more information, visit morneaushepell.com.

SOURCE Morneau Shepell US