Hewitt Associates, an HR outsourcing and consulting services company, has planned to acquire RealLife HR. The financial terms of the agreement have not been disclosed.
“The middle market represents a large and attractive growth opportunity for us, and by joining forces with RealLife HR, Hewitt will be able to more effectively serve middle-market companies in a way that is consistent with the world-class human resources expertise and solutions we’re recognized for in the large market,” says Russ Fradin, Chairman and CEO, Hewitt Associates.
Currently, RealLife HR provides services to about 35 clients, all of which will have access to Hewitt’s full range of outsourcing and consulting services as part of the combination. Upon closing, Hewitt will assume responsibility for RealLife HR’s staff of approximately 85 employees and its facility in Hunt Valley, MD.
RealLife HR delivers health and welfare benefits administration services via a proprietary platform targeted at employers with fewer than 15,000 employees and/or retirees.