AlphaStaff Group, Inc., of Ft. Lauderdale has executed an agreement with Selective Insurance Group, Inc., to acquire its Sarasota-based PEO subsidiary, Selective HR Solutions, Inc. 

“Selective HR’s model of collaboration with insurance agents aligns perfectly with ours,” said AlphaStaff CEO Jay Starkman. “Through this acquisition, we not only continue our growth record, but AlphaStaff becomes the only PEO to distribute its product exclusively through the insurance agent channel.”

With the acquisition, AlphaStaff expects to add approximately 20,000 worksite employees to its current roster of 50,000. The company already has a presence in Florida, Georgia, Texas, California, New York, and New Jersey. The deal will expand its reach to North Carolina, South Carolina, Maryland, Virginia, and Tennessee. Closing is subject to Florida regulatory approval and is expected to occur on or around Jan. 1, 2010.