Paychex Completes Acquisition of Oasis Outsourcing
Acquisition of largest privately owned PEO in U.S. strengthens Paychex’s HR outsourcing and technology-enabled leadership position
Rochester, N.Y. (December 21, 2018) – Paychex, Inc., a leading provider of integrated human capital management solutions for payroll, benefits, human resources, and insurance services, today announced that it has completed the acquisition of Oasis Outsourcing Acquisition Corporation (“Oasis”), the nation’s largest privately owned professional employer organization (PEO) and an industry leader in providing human resources outsourcing services. The purchase price was $1.2 billion, subject to customary closing adjustments.
The acquisition significantly advances Paychex’s leadership position in HR outsourcing, leveraging the scope of the company’s technology platform, providing new clients access to Paychex’s innovative products and technology-enabled services, and creating one of the nation’s leading PEOs. Paychex now serves more than 1.4 million worksite employees (WSEs) through its HR outsourcing services.
Oasis, headquartered in West Palm Beach, Florida, serves more than 8,400 clients across all 50 states with its HR solutions, employee benefits, payroll administration, and risk management services.
Paychex, Inc. (NASDAQ: PAYX) is a leading provider of integrated human capital management solutions for payroll, benefits, human resources, and insurance services. By combining its innovative software-as-a-service technology and mobility platform with dedicated, personal service, Paychex empowers small- and medium-sized business owners to focus on the growth and management of their business. Backed by more than 45 years of industry expertise, Paychex serves over 650,000 payroll clients as of May 31, 2018, across more than 100 locations in the U.S. and Europe, and pays one out of every 12 American private sector employees. Learn more about Paychex by visiting www.paychex.com, and stay connected on Twitter and LinkedIn.