About Fortune Business Solutions

Fortune Business Solutions has been around since 2004 and has been led by CEO Tom Newman. In the mid 2000s Fortune operated primarily as an Administrative Services Organization (ASO) rather than a PEO.
Mr. Newman has been a long time member of the Professional Employer Organization (PEO) industry originally serving as vice president at Oasis Outsourcing then later as president of Lanier Upshaw Business Solutions. The press release does not note a new role for Mr. Newman at HROI.
Multiple legal entities in Florida appear to be related to this transaction. Florida entities involved include:

• Fortune Financial, Inc.
• EMPLOYER’S ALLIANCE, LLC
• EMPLOYER’S ALLIANCE II, LLC
• EMPLOYER’S ALLIANCE III, LLC
• EMPLOYER’S ALLIANCE IV, LLC
• EMPLOYER’S ALLIANCE IX, LLC
• EMPLOYER’S ALLIANCE V, LLC
• EMPLOYER’S ALLIANCE VI, LLC
• EMPLOYER’S ALLIANCE VII, LLC
• EMPLOYER’S ALLIANCE VIII, LLC

Fortune Business Solutions – Offices Locations

Fortune operated primarily in the Florida marketplace with their main HQ location in Tampa, Florida. In Wichita, Kansas, Fortune formed a marketing relationship with another entity named Emcompass HR Solutions which is operated by Rob Winfrey. In Kansas City, they worked with Benefits Services of Kansas City, operated by Michael Moulin.

About HROI

HROI has backing from Clarion Capital and has a growing footprint throughout the USA. HROI was purchased in 2015 and is led by CEO Carl Guidice, Jr. and Anthony Danon who formerly served as CEO and COO as Strategic Outsourcing Inc. (SOI) who was acquired by Trinet in 2013. Mr. Danon also served as VP of Finance for Gevity HR, which was taken private and acquired by Trinet as well.

Since Fortune HR and HROI are private companies, as usual the terms of the acquisition weren’t disclosed. For current clients of Fortune Business Solutions, 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 Fortune clients are receiving. Current Fortune clients should review the StaffMarket guide titled “My PEO was just sold – Now what?”.

Minnesota based PEO delivers clients to Texas based G&A Partners

G&A Partners a Professional Employer Organization (PEO) in Houston Texas, announced that they have acquired the clients of EMPO Corporation, a Minnesota domiciled PEO. According to the announcement in the Wall Street Journal, EMPO had roughly 100 PEO/ASO clients that will be transferred to G&A partners. According to the article the staff at EMPO will remain and transition to positions with G&A Partners. Financial details of the client acquisition were not disclosed. Clients of EMPO may want to review the StaffMarket article for what to do if your PEO was just sold.Things for PEO clients to consider if your account is sold.

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