Specialty Program Group Acquires HCM Unlocked
Specialty Program Group (SPG) acquired HCM Unlocked, a tech-enabled managed service provider specializing in human capital management. The acquisition enhances SPG's employee benefits and workforce services by adding capabilities such as HR, payroll, tax compliance, leave of absence management, and multi-vendor technology support. HCM Unlocked offers AI-powered DELTA platform to ensure data accuracy across various systems. Founded in 2018, HCM Unlocked has grown rapidly with over 200 employees and a client-focused approach that integrates expertise with proprietary technology. The acquisition aligns with SPG's strategy of investing in specialized businesses for continued growth. SPG CEO Chris Treanor emphasized the strategic value of combining HCM Unlocked’s tech-agnostic services, experienced team, and AI capabilities to expand their platform. This move is expected to strengthen SPG's position as a leader in specialty insurance distribution and consulting.
Topics: Human Capital Management Managed HR Services Technology-enabled Services