Investment Summary

Convergent Capital Partners and Gordian Capital Exits Staff One HR

On December 5, 2017, Oasis Outsourcing invested in staffing company Staff One HR from Convergent Capital Partners and Gordian Capital

Investment Highlights
  • This is Oasis Outsourcing’s 4th transaction in the Staffing sector.
  • This is Oasis Outsourcing’s 8th transaction in the United States.
  • This is Oasis Outsourcing’s 1st transaction in Texas.

Investment Summary

Date 2017-12-05
Target Staff One HR
Sector Staffing
Investor(s) Oasis Outsourcing
Sellers(s) Convergent Capital Partners
Gordian Capital
Deal Type Add-on Acquisition

Target

Staff One HR

Dallas, Texas, United States
Staff One, Inc. is a provider of human resources including payroll, benefits, workers compensation coverage, retirement plans and other personnel services, allowing business clients to focus on their core competencies.

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Investor(S) 1

Investor

Oasis Outsourcing

West Palm Beach, Florida, United States

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 8 of 9
Sector: Staffing M&A 4 of 4
Type: Add-on Acquisition M&A Deals 7 of 8
State: Texas M&A 1 of 1
Country: United States M&A 8 of 9
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-06 Diversified Human Resources

Phoenix, Arizona, United States

Diversified Human Resources, Inc. is an outsourced human resource company that provides human resource and insurance brokerage services, payroll processing, and temporary staffing solutions for a broad range of clients. Diversified Human Resources was founded in 1996 and is based in Phoenix, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-17 Aureon HR

West Des Moines, Iowa, United States

Aureon HR is a business solutions provider who connects possibilities to productivity by providing unique and scalable business support services for organizations small and large. Aureon HR is based in West Des Moines, lowa.

Buy -

Seller(S) 2

SELLER
DESCRIPTION

Convergent Capital is a private investment firm that provides growth and debenture financing to late-stage growth companies. Convergent prefers to commit $3 to $12 million per transaction in businesses with at least $10 million in revenues. Convergent is a generalist investor and will consider businesses in a wide range of industries. Investment funds are typically used to assist growth, but the firm can also structure investments around buyouts, recapitalizations, consolidations, and add-on acquisitions. Convergent is licensed as a SBIC. Convergent Capital was formed in 1999 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 36 of 44
Sector: Staffing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 11 of 14
State: Texas M&A 5 of 5
Country: United States M&A 36 of 44
Year: 2017 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-01 Staging Concepts

Minneapolis, Minnesota, United States

Staging Concepts is a designer, manufacturer, and installer of staging solutions, stadium fixtures, portable stages, platforms, railings, and related equipment. Staging Concepts was founded in 1990 and is based in Minneapolis, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-09 BrandRep

Santa Ana, California, United States

BrandRep is a provider of digital marketing services for small and medium-sized businesses. BrandRep combines a broad offering, providing a one-stop solution to businesses, with an attractive price point and an efficient, scalable delivery and service platform ideal for its SMB target market. BrandRep was founded in 2009 and is based in Santa Ana, California.

Buy -
SELLER

Gordian Capital

New York, New York, United States

Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

Gordian Capital is a private investment focused on acquiring lower middle-market, profitable, US based businesses. Gordian targets companies generating sales of $5 to $50 million operating in fragmented, growing industries and EBITDA of more than $2 million. Sectors of interest include business and consumer services, healthcare, light manufacturing, and distribution. The Firm prefers investment situations where the owner is looking to retire, or non-core divestitures larger corporations. Gordian Capital is based in New York City, with an additional office in Minneapolis, Minnesota.


DEAL STATS #
Overall 1 of 1
Sector: Staffing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-07 Staff One HR

Dallas, Texas, United States

Staff One, Inc. is a provider of human resources including payroll, benefits, workers compensation coverage, retirement plans and other personnel services, allowing business clients to focus on their core competencies.

Buy -