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Alphastaff Acquires Selective HR Solutions

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Article Title: Alphastaff Acquires Selective HR Solutions - Source: PR Inside - 10/29/2009

Selective HR Solutions of Sarasota, Florida has been acquired by Alphastaff Inc of Ft. Lauderdale, Florida. Selective HR Solutions has been part of Selective Insurance with Headquarters on Branchville, New Jersey. According to the press release an estimated 20K worksite employees of Selective HR will be affected by the acquisition and the number of client companies affected was not disclosed. Selective HR has been marketed through their network of Selective insurance agents and the acquisition is being billed as a way for Alphastaff to expand their agent network as well as increase their client count. Alphastaff has committed to maintaining Selective HR's pricing with the affected clients, however the transition planning for clients to move from Selective HR's payroll and PEO platforms to Alphastaff was not disclosed. - Starkman noted that a key factor in the deal was the vast potential to increase sales by offering AlphaStaff’s robust product and commission structure to Selective Insurance’s over 900 agents. AlphaStaff will be the only PEO partnering with the insurance subsidiaries of Selective Insurance Group, Inc. for workers compensation insurance pursuant to the terms of the agreement.