Kelso Fund IX Announces Investment in Oasis Outsourcing Holdings
July 12, 2017
Kelso is pleased to announce that on June 30, 2017, we closed an investment in Oasis Outsourcing Holdings, Inc. (“Oasis” or the “Company”) concurrent with the Company’s acquisition of Diversified Human Resources, Inc. (“DHR”) and debt refinancing.
Oasis is the largest privately held Professional Employer Organization (“PEO”) in the U.S., serving small-and-medium sized businesses (“SMBs”) in all 50 states and Puerto Rico. Oasis primarily provides full-service payroll administration, employee benefits plan management, workers' comp insurance, and risk management, while also offering other ancillary services such as employee lifecycle management, staffing, and recruitment. The Company serves ~6,800 clients and ~207,000 Worksite Employees (“WSEs”) across a wide range of industries, with an average wage per WSE of ~$43,100.