ACS finishes acquisition

ACS, a major employer in Kentucky, announced Monday it has finished its acquisition of ExcellerateHRO, which provides global benefits administration and relocation services. ACS announced May 25 it would pay $125 million for the subsidiary of HP, according to a filing with the U.S. Securities and Exchange Commission.

The purchase "establishes ACS as one of the world's single largest pension administrators and solidifies its role as a leading provider of outsourced health and welfare and relocation services," according to a news release issued by ACS.

The newly acquired business will be overseen by Ann Vezina, an executive vice president based in Lexington, said spokesman Chris Gilligan. However, ExcellerateHRO will continue to operate from its current locations.

This story was originally published August 2, 2010 at 5:27 PM with the headline "ACS finishes acquisition."