Oasis Outsourcing on a buying spree

Just one week after announcing the acquisition of Tampa, Florida based A-1 HR, Oasis Outsourcing has disclosed yet another acquisition, this time acquiring Doherty Employer Services in Edina, Minnesota, – the Twin Cities marketplace. In December 2014 Oasis was acquired by Stone Point Capital, a private equity firm in Greenwich, Connecticut. According the Stone Point Capital website, they have $13 billion of capital available for investments in the financial services industry.

Doherty remains in the staffing business

Like some employer service firms Doherty had separate divisions. One division for clients who had joined their Professional Employer Organization and another for clients seeking a workforce staffing solution. According to an article in the Minneapolis/St. Paul business journal, The Doherty family has retained the ownership of Doherty Staffing Solutions and only the PEO portion of their business (Dohertry Employer Services) has been sold to Oasis Outsourcing. In 2015 Doherty Employment Group (the combined staffing and PEO entity) claimed revenue of $487M and was listed as the second largest woman owned business in Minnesota. Editors Note: Since that number represents total gross wages and taxes paid by the employer services firm and then billed back to the client, those revenues often appear inflated since pass-through charges get treated as “revenue”.

Tim Doherty’s exit from the PEO industry is interesting due to his long involvement with NAPEO, previously serving as a NAPEO board member and national president of NAPEO. He was also the  recipient of a key industry award in 2009. Mr. Doherty was also a key influence in creating the regulatory framework for ESAC (the Employer Services Assurance Corporation) which vets the financial integrity of its PEO member companies. It looks they made the Doherty’s an offer to good to refuse.

What about current Doherty Employer Services clients?

Since both Oasis Outsourcing and Doherty Employer Services are private companies, as usual the terms of the acquisition weren’t disclosed.  For current clients of Doherty, the usual assurances are being made about how much better it will be for clients and how there will be no disruptions in the services Doherty clients are receiving. Affected clients should review the StaffMarket guide titled “My PEO was just sold – Now what?“.

Advantec HR sold to Oasis

April 2011
According to several PEO industry sources, the assets of Tampa, Florida based Advantec HR have been acquired by Boca Raton, Florida based, Oasis Outsourcing. Both companies are privately held. No details of the transaction have been released.

About Advantec

Advantec HR has been the marketing presence for a group of companies operating under the entity; Agency Solutions International, Inc which was originally registered with the State of Florida in 1997. Current state records show Charles ” Chuck” Davis as CEO and Dianna Sheppard as President. Advantec gained success throughout the early 2000′s as a Professional Employer Organization pioneering a marketing model that joined forces with insurance agencies and offered equity participation. These partnerships with insurance agencies allowed them to offer PEO services as part of their insurance product suite while protecting their agency commissions. The insurance agency marketing model experienced rapid growth until the hard market for workers compensation insurance struck in 2003. Advantec’s client attrition due to the hard workers comp market was severe and the insurance agency marketing model was abandoned n favor of a direct sales force.
Advantec HR PEO Profile

Oasis Outsourcing Makes a Quiet Acquisition

Information about the
type of PEO acquisition has not been disclosed.
Oasis released and internal memo in April 2011 stating:


We are pleased to announce that earlier today a definitive agreement was signed, allowing for a change in ownership of Advantec from the current owners to Oasis Outsourcing. It is expected that this transaction will be completed by May 2011.


This is the largest of the four PEO acquisitions that we have completed in the past four years. These acquisitions, combined with our strong organic growth, position Oasis Outsourcing as the nation’s third largest PEO, serving more than 4,000 clients and 110,000 worksite employees throughout the United States. Even more important than these increases in our counts, we’ll be gaining a team of talented, experienced PEO professionals. Our combined organization will have more than 500 internal employees. This will enable us to continue to invest, innovate and deliver outstanding products and services to the marketplace.

Advantec has provided PEO services to its diverse client base for more than 13 years and offers a wide range of human resources, payroll processing, benefits and risk management solutions to small- and medium-sized businesses throughout the United States. The acquisition includes Advantec’s primary facility in Tampa, FL, which houses its Service Center, including payroll processing, customer service and human resources support personnel. This change in ownership will allow Advantec clients to continue to receive the benefits that they have come to expect, while gaining access to improved services, products, resources and technology tools provided by Oasis.

Oasis Outsourcing Profile