HBK Expands Service Capabilities with Acuity HR Acquisition

Deal News | Jan 07, 2025 | EIN

HBK Expands Service Capabilities with Acuity HR Acquisition

HBK CPAs & Consultants has acquired Acuity Human Resources, a human resources consulting services provider based in Cranberry Township, Pennsylvania. Founded in 2005, Acuity HR specializes in strategic business and organizational HR functions. This acquisition is part of HBK's strategy to expand its service offerings and provide increased value to clients and target markets. According to Thomas M. Angelo, HBK's CEO, Acuity's expertise will broaden HBK's service scope. Jeremy Hartzell, HBK's COO, emphasized the evolved role of HR in modern workforce challenges and the need for strategic, data-driven HR practices. The acquisition aligns with the firm's goal to address mid-market businesses' HR needs amid changing workplace dynamics.

Sectors

  • Human Resources Consulting
  • Consulting Services

Geography

  • Ohio, USA – HBK CPAs & Consultants is based in Youngstown, Ohio, making this region significant for the company's strategic growth.
  • Pennsylvania, USA – Acuity Human Resources is based in Cranberry Township, Pennsylvania, indicating the geographical context of the acquired company.

Industry

  • Human Resources Consulting – The industry focuses on strategic business and organizational HR functions, aligning with Acuity's specialization in offering HR expertise to companies.
  • Consulting Services – HBK, as a consulting firm, acquiring Acuity HR enhances its capabilities in providing consulting services, particularly in human resources.

Financials

    Participants

    NameRoleTypeDescription
    HBK CPAs & ConsultantsAcquirerCompanyA firm involved in offering consulting services, acquiring Acuity HR to broaden its service offerings.
    Acuity Human ResourcesTargetCompanyA human resources consulting provider focused on strategic business and HR functions, acquired by HBK.
    Thomas M. AngeloCEO of HBKPersonCEO and managing principal of HBK, overseeing the strategic acquisition.
    Robert FloreakPresident of Acuity Human ResourcesPersonPresident of Acuity, bringing expertise in HR practices to HBK following the acquisition.
    Jeremy HartzellCOO of HBKPersonCOO responsible for driving the acquisition and providing insights into the evolving HR role.