Caltius Equity Partners sold its stake in DHR Services Holdings to Oasis Outsourcing. Financial terms were not disclosed. DHR provides human resources services to small and medium-sized businesses in the southwestern U.S. Based in Los Angeles, Caltius invests in business, consumer, industrial, IT and healthcare services companies in the lower-middle market.
LOS ANGELES, CALIF – August 10, 2017 – Caltius Equity Partners (“Caltius Equity”) announced today the sale of its equity interest in DHR Services Holdings, LLC (“DHR”) to Oasis Outsourcing (“Oasis”), the nation’s largest privately-held professional employer organization (“PEO”).
DHR is a PEO providing human resource solutions to small and medium-sized businesses in the southwestern United States. Founded in 1996, DHR administers clients’ health benefits, payroll and workers compensation, and advises them on human resource issues including employment law compliance and risk reduction.
During its ownership of DHR, Caltius Equity worked closely with management to implement strategic growth initiatives, securing the company’s dominant position in the southwest market. Caltius continues to seek new opportunities to invest in platform companies in the business and consumer services sectors.
FIDUS Partners and Morgan Lewis served as financial advisor and legal counsel to Caltius Equity, respectively.
About Caltius Equity Partners
Caltius Equity, founded in 1999, buys and builds lower middle market companies in the business, consumer, industrial, IT and healthcare services industries. The Los Angeles-based firm invests from $10 million to $30 million per transaction for controlling or substantial minority ownership positions in businesses generating EBITDA from $4 million to $12 million. Caltius Equity’s creative and flexible solutions facilitate management buyouts, recapitalizations and growth financings. The firm’s experienced team develops deep relationships with its portfolio companies’ management, helping them grow the businesses and optimize liquidity events. For more information, visit www.caltiusequity.com.