Originally formed in 1996 as a subsidiary of The Wackenhut Corporation, Oasis Outsourcing is the nation’s largest privately held Professional Employer Organization (PEO), providing Human Resources, Employee Benefits, Payroll and Risk Management services on an outsourced basis. With annual gross revenue close to $9 billion, Oasis Outsourcing is an industry leader. Serving more than 8,000 clients and 270,000 worksite employees throughout the United States, Oasis Outsourcing is a recognized expert in all facets of human resources management. Our principal investors are Stone Point Capital LLC, a private equity firm that manages the Trident Funds and Kelso & Company, a middle market private equity firm.*
The financial strength of Oasis Outsourcing contributes to the stability of the products and services that we provide for our clients.
Our Services Go Above and Beyond
Oasis Outsourcing has consistently exceeded industry standards by providing clients with a high level of personalized services and by aggregating the buying power of its member companies to provide cost savings and synergies. Our competitive advantages include a seasoned Management Team, a full service a la carte menu of human resources and staffing alternatives, attractive insurance options, stringent underwriting guidelines, strong relationships with complementary Business Partners , a strong Mission and Values Statement, robust Client and Employee Services Websites accessible online and through Mobile Apps and the backing of a financially solid parent corporation with an impeccable reputation in the business-to-business services industry.
Oasis Outsourcing has successfully completed the SOC 1 Type II, also known as SSAE 16 Type II (formerly SAS 70 Type II) audit. The SOC 1 Type II audit is an in-depth audit developed by the American Institute of Certified Public Accountants (AICPA) to test the processes and internal controls of service providers as they relate to data security and storage, system utilization monitoring, client payroll processing, tax filings and more.
In addition to SOC 1 Type II, Oasis Outsourcing is proud to be accredited by the Employer Services Assurance Corporation (ESAC). ESAC is the nationally recognized financial assurance, standard-setting and monitoring entity for the PEO industry. Through its voluntary accreditation process, ESAC ensures that participating PEOs adhere to important ethical, financial and operational standards for the purpose of promoting a high level of integrity and responsibility within the PEO industry.
Through its subsidiaries, Oasis is qualified to offer IRS-certified professional employer organization (CPEO) services.
Oasis Outsourcing has two operating divisions: a PEO and a traditional Staffing and Placement Agency. PEO services are offered under the brand name Oasis Outsourcing, with offices in the following metropolitan areas: 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; Long Island, NY; 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. In Florida, Oasis Outsourcing is licensed by the DBPR (License #GL42). In Texas, “Oasis Outsourcing” means Oasis Outsourcing III, Inc. (See map.)
*About Stone Point Capital
Stone Point Capital LLC is a financial services-focused private equity firm based in Greenwich, CT. The firm has raised six private equity funds – the Trident Funds – with aggregate committed capital of approximately $13 billion. In addition to the capital invested by the Trident Funds, Stone Point has secured approximately $7 billion of equity co-investments since 2001. Stone Point targets investments in the global financial services industry, including investments in companies that provide outsourced services to financial institutions, banks and depository institutions, asset management firms, insurance and reinsurance companies, insurance distribution and other insurance-related businesses, specialty lending and other credit opportunities, mortgage services companies and employee benefits and healthcare companies. For further information about Stone Point, see www.stonepoint.com.
About Kelso & Company
Kelso & Company is a North American-focused middle market private equity firm, based in New York, that has been investing in private equity for over 35 years. Kelso was founded on the principles of partnership and alignment of interest espoused by Louis Kelso, the inventor of the Employee Stock Ownership Plan (or ESOP). Kelso benefits from a successful investment track record, a long-tenured and stable investing team, and a reputation as a preferred partner to management teams and corporates. Since 1980, Kelso has raised a total of nine private equity funds, representing approximately $12 billion of capital, and has made over 120 investments. Kelso has significant experience investing in the business services and financial services sectors. For further information about Kelso, see www.kelso.com.