Constructing on the success of its acquisition of On-Time Payroll, Inc. in 2020, DiVirgilio Insurance coverage of Lynn has introduced its acquisition of Click on Industries LLC dba Click on Payroll. Based mostly in Arlington, Click on Payroll provides an unlimited array of providers equivalent to timekeeping, HR options and staff’ compensation, along with payroll and tax providers. The brand new addition might be included into the company’s payroll subsidiary and can add to the corporate’s rising choices to different impartial brokers.
In commenting on his company’s newest acquisition Matt DiVirgilio, President of the DiVirgilio Insurance coverage, Inc. & On-Time Payroll, Inc says that the acquisition will proceed the expansion trajectory within the payroll, timekeeping and HR options space. “We’re excited that the Click on Payroll suite of product choices will proceed to strengthen our one-stop looking for all of our industrial consumer wants together with insurance coverage, worker advantages, danger administration, and payroll.”
That is the second payroll providers firm that DiVirgilio Insurance coverage has acquired
Based mostly in Lynn, DiVirgilio Insurance coverage has been a family-owned and operated impartial insurance coverage company for over 20 years. This newest acquisition marks the second payroll providers firm the impartial company has acquired.
After DiVirgilio Insurance announced its first payroll company acquisition in 2020, Company Checklists contacted Mr. DiVirgilio to question him about his choice to amass a payroll firm versus one other impartial insurance coverage company. His response then was that firstly, he seen a rising pattern of payroll providers coming into the insurance coverage subject. “One motive why we acquired concerned on this enterprise was that we noticed ADP and Paychex getting increasingly more concerned within the insurance coverage enterprise,” he defined at the moment. “We needed a extra degree enjoying subject.”
Secondly, he believed that buying a payroll service supplier may assist him strengthen his current consumer relationships. As he acknowledged then, “We additionally realized that our shoppers weren’t receiving the identical service on the payroll as they have been with us on the insurance coverage finish,” he famous, including that, “…we knew we may strengthen the connection by with the ability to supply a full-blown Payroll Companies platform.”
Lastly, he famous that that the mixed providers his rising payroll subsidiary supplies might help fellow impartial insurance coverage brokers. “We imagine apart from serving to our personal shoppers, the longer term progress alternative is for us to be a Associate for different Impartial Brokers on the market that wish to present Payroll Companies to their enterprise shoppers however don’t know the place to start out and wish to work with a agency/Associate that’s educated and speaks the “insurance coverage language”. We have now a fantastic basis to actually develop this service for ourselves and different Impartial Brokers.”
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