SOURCE: ABD Insurance and Financial Services

May 04, 2016 12:30 ET

ABD Insurance and Financial Services Acquires SharedHR, Launches New HR Services Practice

ABD Creates ABD SharedHR, Offering Clients Complete Human Resources Services

SAN MATEO, CA--(Marketwired - May 04, 2016) - ABD, a boutique consulting firm offering risk management, insurance brokerage, employee benefits and retirement solutions, announced today its acquisition of SharedHR, a leading human resources consulting firm. The acquisition launches the company's new HR services practice, ABD SharedHR, offering human resource administrative and consulting services to existing and prospective ABD clients. SharedHR CEO Paul Finkle and his current team of employees will continue to cultivate and grow the company's HR offerings as the new ABD SharedHR practice group. With this acquisition, ABD is one of a few select insurance firms to offer expert HR services along with insurance, employee benefits and retirement services offerings.

SharedHR brings both tactical and strategic human resources capabilities to ABD's high touch, white glove service model. Businesses will now benefit from a single source service to manage employees and employment risks including a full suite of strategic benefits programs, risk management services, and retirement consulting.

"ABD is strategically investing in new practice groups and services to help our clients succeed. We are listening to our clients' evolving needs and responding with world class offerings delivered with seasoned expertise and professionalism that mitigate risk and help drive success," said Kurt de Grosz, Co-Chairman ABD. "This acquisition is an example of ABD addressing both client and marketplace needs by rounding out the breadth and depth of services we offer, which are unparalleled in our industry," de Grosz added.

Recruiting, onboarding and off-boarding, compliance and reporting, benefits administration, payroll, and technology systems are just a few necessary functions that can detract from a management team's ability to focus on business growth. For more than 30 years, SharedHR has provided privately held companies and non-profits of all sizes technical expertise, extensive management and HR knowledge, and dedication to outstanding client service. The HR technology implementation and outsourcing team streamlines process and maps them to an integrated, paperless technology platform that increases efficiency and transparency for managers and employees.

"Many companies are often resource constrained and SharedHR serves as a virtual HR department for them, empowering them to focus on their long term business goals," said Paul Finkle, President & CEO. "Joining the ABD team enables us to bring comprehensive support to our clients through HR outsourcing, benefits and risk management," Finkle added.

"Growing companies in the Bay Area are challenged with time-consuming obligations and need expert advice required to manage human resources," said SharedHR client Lance Gimbal, CEO of Gimbal Brothers, Inc. "Our access to SharedHR's offerings has contributed significantly to our success as a company and the addition of SharedHR is a huge asset for ABD and any prospective client with HR needs," he added.

The ABD SharedHR team includes 12 human resource expert advisors who have worked with hundreds of Bay Area companies.

For more information about SharedHR offerings, visit ABD SharedHR at http://www.theabdteam.com/practices/sharedhr

About ABD

ABD is a boutique consulting firm providing risk management, insurance brokerage, human resources, and retirement consulting services. Our advisors offer guidance and craft innovative solutions to help address risk for clients of varying sizes, growth stages and industries.

Headquartered in San Mateo, ABD has offices various offices throughout the Bay Area including San Francisco, San Rafael, San Jose, and Walnut Creek serving clients across the United States and globally. To learn more, visit: www.theABDteam.com

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