Kelser Corp., a provider of technology products and services to the insurance and financial markets, announced today the completion of its acquisition of HSG Global Services, Inc., a Massachusetts-based business consulting and outsourcing firm specializing in business improvement. The buyout comes only a few months after Kelser announced an internal ownership transfer and corporate rebranding. According to Kelser, the HSG acquisition helps fulfill key management, staff, and process requirements necessary to carry out the mid and long term strategic objectives of the company.
The transaction was announced as an all-cash buyout for an undisclosed sum with an effective date of November 15th, 2010. The two companies agreed to delay official release of the acquisition until all active customers were notified. Andrew Hoffmann, HSG’s president and CEO, joined Kelser as VP of operations and will oversee a number of strategic initiatives including reshaping the company’s marketing department. In a recent statement, Mr. Hoffmann indicated, “Kelser has been one of our core clients for some time, this acquisition presents a great opportunity for us to expand on that relationship and ensure we meet future goals. Members of our organization are excited to be part of a company with such a rich history and eye on the future.”
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