BenefitMall Acquires Planet Payroll

DALLAS, Oct. 1, 2018 /PRNewswire/ -- BenefitMall, the leading provider of employee benefits and payroll services, today announced its acquisition of Planet Payroll, a payroll service bureau located in Phoenix with a client base in Arizona, New Mexico, and Texas. 

"We are very pleased to welcome Planet Payroll to BenefitMall with our most recent acquisition," said Todd Waletzki, president of the Payroll Division for BenefitMall. "Our office in Arizona is thrilled to bring on new clients and will ensure the transition is seamless for all parties involved."

Planet Payroll employees will join BenefitMall once the deal is complete. Existing Planet Payroll clients and employees will work directly with BenefitMall's Phoenix office.

"BenefitMall is one of the top payroll providers in the country, and we are thrilled to have finalized this deal with them," said Cassie Johnson, general manager at Planet Payroll. "We know that our clients will benefit from this acquisition as they will now have more services offered to them with the same focus on customer service."

Last fall, The Carlyle Group acquired BenefitMall to make deals like this possible. The continuous growth through mergers and acquisitions, like Planet Payroll, were the reason for the investment.

The acquisition between BenefitMall and Planet Payroll will close today. 

About BenefitMallHeadquartered in Dallas, BenefitMall partners with a network of 20,000 Brokers and CPAs to deliver employee benefits and payroll services to more than 200,000 small and medium-sized businesses. By combining payroll and benefits, BenefitMall empowers Trusted Advisors to develop the best employee programs while maintaining compliance with government regulations and Health Care Reform.

Owned by Management and The Carlyle Group, BenefitMall also operates HealthCareExchange.com, the leading online community for information regarding the Patient Protection and Affordable Care Act. More information is available at www.benefitmall.com.

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SOURCE BenefitMall