CRESA Partners' Muncipal Incentives Partner Acquired by ADP

ADP Employer Services, a leading provider of outsourced payroll, benefits and HR services, recently announced the acquisition of the tax incentives business of Mintax, Inc. based in East Brunswick, New Jersey. Mintax is CRESA Partners' municipal incentives services partner.

With a large team of tax and economic incentive specialists, a commitment to service excellence and a comprehensive suite of tax incentive solutions, Mintax has provided customized turnkey tax and economic incentives solutions to thousands of companies for more than 25 years. Mintax assists CRESA clients looking to take full advantage of the many tax credits and incentives that are available via federal, state and local programs and has assisted thousands of companies in the areas of State Tax Incentives and Credits, Economic Development Services, Location Advisory Services, Research and Development Incentives, Federal Hiring Credits, Sales and Use Incentives and Recoveries, Training Grant Programs, the Purchase and Sale of Tax Credits and NOL’s and State Specific Grant Programs.

“ADP is pleased to bring Mintax’s products and services into ADP’s line of integrated business solutions,” said Campbell Langdon, President, ADP Tax, Retirement and Pre-Employment Services. “The acquisition of Mintax’s tax incentives business will be exceptionally valuable to ADP payroll clients; however it will also be of significant value to those using other payroll solutions. These tax credit and economic incentive programs, supported by federal, state and local governments, can significantly reduce clients’ operating costs.” “This acquisition represents a significant win for our clients, as it will enable us to provide an increasingly broad portfolio of products and services backed by the world class service and resources of a financially strong Fortune 500 company,” said Phil Schepel, President, Mintax, Inc.

Mintax’s talent pool and strong presence in the Northeast United States complement ADP’s overall expertise and geographic reach. Automatic Data Processing, Inc. (NYSE: ADP), with nearly $9 billion in revenues and more than 570,000 clients worldwide, is one of the largest providers of a broad range of premier, mission-critical, cost-effective transaction processing and information-based business solutions.