Oasis Outsourcing, which is backed by Stone Point Capital and Kelso, has acquired Dallas-based Staff One HR, a provider of human resources services. No financial terms were disclosed.
WEST PALM BEACH, Fla., Dec. 5, 2017 /PRNewswire/ — Oasis Outsourcing, the nation’s largest privately held Professional Employer Organization (PEO), has announced the acquisition of Staff One HR. Staff One HR is based in Dallas, TX and has been providing extensive Human Resources and related PEO services to its client base since 1988. The combined company will now serve more than 8,000 clients and 260,000 worksite employees nationwide. Terms of the deal were not disclosed.
“Acquisitions of exceptional PEOs continue to be an important component of our overall growth strategy,” said Mark Perlberg, President and CEO of Oasis Outsourcing. “Staff One HR has a successful history of providing HR solutions to its clients. We are excited to bring our organizations together, capitalize on best practices and welcome the Staff One HR team and its clients to the Oasis family.”
While Oasis currently has a presence in Texas, the acquisition of Staff One HR expands Oasis’ geographic footprint in the south central region of the United States.
“Becoming part of Oasis is an ideal opportunity for Staff One HR and our clients,” said Mark Sinatra, CEO of Staff One HR. “Our dedication to providing the highest level of client service is an important value we share with Oasis. Moving forward, as part of Oasis, we will have access to its continued investment in technology and best-in-class services, which will expand and enhance our offerings to Staff One HR clients.”
Staff One HR, under Mark Sinatra’s leadership, will continue to operate from its current locations, providing clients with uninterrupted service.
About Oasis Outsourcing Holdings, Inc.
Oasis Outsourcing is a Florida-based Professional Employer Organization (PEO) serving more than 260,000 employees and 8,000 clients nationwide. Founded in 1996, it specializes in providing human resources services, employee benefits administration, payroll and tax administration, risk management services and staffing solutions to small- and medium-sized businesses throughout the United States. Oasis is accredited by the Employer Services Assurance Corporation (ESAC), ensuring the highest level of ethical, financial and operational standards in the PEO industry and has received SOC 1 Type II (formerly SAS 70) certification for its high level of accuracy and performance. Oasis, through its subsidiaries, is qualified to offer IRS-certified professional employer organization (CPEO) services.
Oasis is majority-owned by private equity firms Stone Point Capital and Kelso, with the remainder owned by Oasis management. Offices are located in Atlanta, GA; Austin, TX; Boca Raton, FL; Boston, MA; Charlotte, NC; Dallas, TX; Denver, CO; Edison, NJ; Houston, TX; Indianapolis, IN; Jacksonville, FL; Los Angeles, CA; Manhattan, NY; Miami, FL; Minneapolis, MN; Nashville, TN; New Haven, CT; Orlando, FL; Phoenix, AZ; Provo, UT; San Diego, CA; Sarasota, FL; St. Louis MO; Tampa, FL; Tucson, AZ; and West Palm Beach, FL. For more information about Oasis Outsourcing, visit www.oasisadvantage.com.