The brand has been revived following the completion of the sale of Conduent’s benefits business to an investment fund managed by private equity firm HIG Capital.
Buck Consultants was rebranded as a Xerox company before being rebranded Conduent following last year’s division of the business into two standalone firms. Buck – minus the ‘Consultants’ – is the new name of the HR business that has been created following its demerger from Conduent.
Buck was initially founded in 1916 as an actuarial consulting firm, and today offers benefits advisory, analytics, administration, employee engagement and communication solutions
Buck chief executive officer Jack Freker says: “As an independent entity operating under the relaunched Buck brand, we are well positioned to grow across all aspects of our business. With global scale and best-in-class technology, combined with our deep bench of experienced and passionate professionals, we are proud to continue serving as a trusted partner to our clients. Buck is uniquely positioned amongst its competitors as a nimble, agile and client-centric provider for customized solutions to drive positive health, wealth and career outcomes for employees.
“We are eager to embark on this new chapter of accelerated growth and investment in our organization, employees, technology and capabilities.”
HIG managing director Matt Lozow says: “Buck is an excellent platform within the integrated HR consulting and outsourcing space. We’ve invested in an exciting organization with a full suite of services, differentiated technology, global scale, an exceptionally talented group of employees and leaders and unparalleled client tenure.”