Maui employer service firm to keep name despite deal

By Erika Engle

POSTED: 01:30 a.m. HST, Dec 02, 2011

~~<p><a href="http://www.simplicityhr.com" target="_blank" style="color: #0000FF;" span="">ALTRES Inc.</a> has purchased Maui-based <a href="http://www.kilakila.com" target="_blank" style="color: #0000FF;" span="">KilaKila Employer Services Inc.</a>, but both entities will move forward from the Jan. 1 effective date as if the deal were a true merger, officials said Thursday.</p>
<p>"In so many ways it really acts as a merger," said ALTRES President and CEO Barron Guss. "This isn't where we're buying the company and dissolving its identity. We are really leaving everything in place, its management office is still there, its customers will be treated the same way, they'll pay the same rates, everything." All 145 employees of both companies, 130 at ALTRES and 15 at KilaKila, will be retained.</p>
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ALTRES Inc. has purchased Maui-based KilaKila Employer Services Inc., but both entities will move forward from the Jan. 1 effective date as if the deal were a true merger, officials said Thursday.

"In so many ways it really acts as a merger," said ALTRES President and CEO Barron Guss. "This isn't where we're buying the company and dissolving its identity. We are really leaving everything in place, its management office is still there, its customers will be treated the same way, they'll pay the same rates, everything." All 145 employees of both companies, 130 at ALTRES and 15 at KilaKila, will be retained. Login for more...