NuAxess Inc. is an employee staffing company which offers its employees partially self-insured medical insurance. This benefit solution makes it one of the few, if not only, staffing companies offering such a partially self-insurance medical benefit. Acrisure, LLC of Grand Rapids, Michigan is the third largest and fastest growing privately owned insurance agency in the U.S. Acrisure will market NuAxess’ staffing solution to its PEO (Professional Employer Organization) vendors and its agency partners. Acrisure currently has over 60 PEO vendors. Acrisure is initially targeting, over the next several months, PEO’s with over 650,000 employees and has approximately 15,000 agents who will market this staffing solution. Both companies believe that this marketing agreement should add significant growth to NuAxess over the next 6 months. Acrisure believes these staffing and benefit solutions will be extremely attractive to its PEO partners and will allow them to be successful with a significant portion of their PEO clients. If both companies meet internal goals, NuAxess’ monthly revenue could exceed $20 million/month with a contribution margin at and above industry standards by the end of the year.
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Mr. Joseph Frontiere, Interim CEO of Quad M Solutions Inc. said, “I am extremely excited to launch this sales and marketing effort with Acrisure. I believe this agreement will significantly expand Quad M’s revenue and earnings. We believe we are a unique solution for PEO’s, as well as small to mid-size businesses. This deal allows 15,000 Acrisure offices to sell our solution, and we expect to launch many more such agreements in the future.”
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