M&A Deal Summary

Oasis Outsourcing Acquires Doherty Employment Group

On December 21, 2015, Oasis Outsourcing acquired business services company Doherty Employment Group

Acquisition Highlights
  • This is Oasis Outsourcing’s 4th transaction in the Business Services sector.
  • This is Oasis Outsourcing’s 5th transaction in the United States.
  • This is Oasis Outsourcing’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2015-12-21
Target Doherty Employment Group
Sector Business Services
Buyer(s) Oasis Outsourcing
Deal Type Add-on Acquisition

Target

Doherty Employment Group

Edina, Minnesota, United States
website
Doherty Employment Group, Inc. is a provider of comprehensive human resources and employment related services to its diverse client base.

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Buyer(S) 1

Buyer

Oasis Outsourcing

West Palm Beach, Florida, United States

website

Category Company
Founded 1996
Sector Business Services
DESCRIPTION

Oasis Outsourcing is a Florida-based Professional Employer Organization (PEO) serving almost 230,000 employees and 7,500 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.

DEAL STATS #
Overall 5 of 9
Sector (Business Services) 4 of 5
Type (Add-on Acquisition) 4 of 8
State (Minnesota) 1 of 1
Country (United States) 5 of 9
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-06 Smart Payroll Solutions

Fort Myers, Florida, United States

Smart Payroll Solutions is a provider of payroll processing, comprehensive human resources, benefits administration, risk management and worker's compensation services to companies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-16 Fortune Industries

Brentwood, Tennessee, United States

Fortune Industries, Inc. serves more than 600 small and medium-sized businesses, representing over 14,000 worksite employees in 47 states. Services include human resource consulting and management, employee training and development, workers compensation and risk management, payroll, and benefits administration.

Buy -
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