West Palm Beach, FL (April 29, 2011) – Oasis Outsourcing, the nation’s largest privately-held Professional Employer Organization (PEO), has announced the acquisition of Advantec, a PEO that has provided comprehensive employment-related services to its diverse client base for more than 13 years. Advantec offers a wide range of human resources, payroll processing, benefits and risk management solutions to small- and medium-sized business throughout the United States. Terms of the deal were not disclosed.
This is the fourth strategic acquisition made by Oasis in the last four years. Oasis is now the third largest PEO in the nation, serving more than 4,000 clients and 110,000 worksite employees. “Strategic acquisitions are an important part of our overall growth strategy,” said Mark Perlberg, President and CEO of Oasis Outsourcing. “This acquisition will provide increased leverage and resources, enabling Oasis to continue to innovate and deliver the best products and services to our clients. We are delighted to welcome a talented team of Advantec professionals to the Oasis organization”.
“We are thrilled to combine our expertise and operations with Oasis,” said Dianna Sheppard, CEO of Advantec. “We consider them to be an outstanding organization and best positioned to deliver the quality products and services our clients have come to expect. Moreover, given their scale and commitment to investing for the future, Advantec clients will benefit significantly from this combination.”
Expanded service offerings will be available to Advantec clients, such as support through its 24-hour HR Services Center, on-demand field HR support, electronic employee onboarding system and expanded Human Resources Information System (HRIS), which allows for customized calculations, tracking and reporting of payroll results based on client needs.
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About Oasis Outsourcing Holdings, Inc.
Oasis Outsourcing is a Florida-based Professional Employer Organization (PEO) serving more than 110,000 employees and 4,000 clients nationwide. It specializes in providing human resources services, employee benefits, payroll and tax administration, risk management services and staffing solutions to small- and medium-sized businesses throughout the United States. The company operates under the names of Oasis Outsourcing and Oasis Staffing. Offices are located in Atlanta, GA; Boca Raton, FL; Boston, MA; Dallas, TX;, Denver, CO; Houston, TX; Jacksonville, FL; Los Angeles, CA; Miami, FL; Orlando, FL; Kansas City, KS; Pensacola, FL; Phoenix, AZ; Sarasota, FL; San Diego, CA; Somerset, NJ; St. Louis MO; Tampa, FL; West Palm Beach, FL and Wichita, KS. For more information about Oasis Outsourcing, visit www.oasisadvantage.com.
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