Smartgroup has announced the acquisition of the RACV Salary Solutions business, and is expecting the sales to be completed by 1st November 2017.
RACV Salary Solutions is a national provider of salary packaging administration and novated leasing services. It administers approximately 38,000 salary packages for around 700 clients nationally.
Commenting on the acquisition, Smartgroup Managing Director and CEO Deven Billimoria said: “RACV Salary Solutions will further extend our offering to organisations in all segments of the market.”
“The RACV Salary Solutions management team, under Mark Geraghty’s leadership, has been an absolute pleasure to work with and I look forward to continuing to work with the team over the coming months.”
RACV Salary Solutions joins the late August acquisition of Aspire – a Sydney-based novated leasing specialist – to extend Smartgroup’s presence in the salary packaging and novated leasing market.
“We welcome clients and staff, and look forward to continuing to provide the excellent service that our valued customers have come to expect,” Billimoria added.
