Richfield, Ohio-based Group Management Services Inc. has acquired Corporate Business Solutions, a Georgia human resources outsourcing provider. The transaction will further extend GMS’ client base outside of Ohio and increase its presence in the Southeast.
The acquisition will add about 70 clients and 3,500 worksite employees to GMS.
CBS was founded more than 20 years ago as a third party 401(k) administrator, developing over time into handling a full array of HRO services.
GMS started in the Cleveland area in 1996, eventually expanding into Columbus and Cincinnati, and now has 10 offices nationwide. GMS provides a suite of comprehensive HR solutions, allowing clients to focus on core business. These services include payroll, human resources, risk management and benefits.
“We’ve been trying to expand our footprint outside of Ohio and have been showing some success in the past five years," GMS President Mike Kahoe stated. “In 2014, we were 99 percent Ohio-based. Today we are 90 percent Ohio-based and this will move us closer to 80 percent, making us a more diverse company.”
GMS plans to continue its expansion and grow organically and through acquisitions moving forward.