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Oasis Outsourcing, a Florida- based privately held professional employer organization, acquired Advantec, a Tampa-Fla.-based PEO. Terms of the deal were not disclosed.
This is the fourth acquisition made by Oasis in as many years, bringing the company’s client count to more than 4,000, with 110,000 worksite employees.
“Strategic acquisitions are an important part of our overall growth strategy,” said Mark Perlberg, president and CEO of Oasis Outsourcing. “This acquisition will provide increased leverage and resources, enabling Oasis to continue to innovate and deliver the best products and services to our clients.”
Oasis Outsourcing ranked No. 10 on Staffing Industry Analysts’ 2010 list of largest U.S. PEOs on 2009 revenue of $126 million.