WEST PALM BEACH, Fla., July 29, 2016 /PRNewswire/ -- Oasis Outsourcing is celebrating its 20th anniversary today, July 29, 2016. Founded in 1996 as a subsidiary of the Wackenhut Corporation, Oasis has grown both organically and through strategic acquisitions to become the largest privately held PEO in the United States.
Two of the original co-founders, Terry Mayotte, Executive Vice President and Chief Financial Officer, and Mike Viola, Executive Vice President of Sales, continue to serve the company today. Oasis' current President and CEO, Mark Perlberg, joined Oasis in October 2003 as the company completed a successful transaction with its first private equity partner, H.I.G. Capital, to spin off from Wackenhut and stand on its own.
"Twenty years ago, we saw the potential of what Oasis Outsourcing could become, and it's gratifying to see that potential realized tenfold," Mayotte said.
"It has been amazing to watch our company grow in terms of clients and internal employees during the last two decades," Viola added. "Our focus on providing innovative solutions and service-obsessed service has and will continue to serve us well."
In 2007, Oasis settled into its current headquarters in West Palm Beach. The company is now majority owned by private equity firm, Stone Point Capital based in Greenwich, CT, and has approximately 6,000 clients, 200,000 worksite employees and 29 locations.
"We are excited to achieve this exciting milestone, particularly as we continue to grow," Perlberg said. "We thank our valued clients for their partnership and our employees – now 800 strong – for their hard work and dedication."
About Oasis Outsourcing Holdings, Inc.
Oasis Outsourcing is a Florida-based Professional Employer Organization (PEO) serving almost 200,000 employees and 6,000 clients nationwide. Founded in 1996, it specializes in providing human resources services, employee benefits administration, healthcare reform support, payroll and tax administration, risk management services and staffing solutions to small- and medium-sized businesses throughout the United States. Oasis is accredited by the Employer Services Assurance Corporation (ESAC), ensuring the highest level of ethical, financial and operational standards in the PEO industry and has received SOC 1 Type II (formerly SAS 70) certification for its high level of accuracy and performance. Offices are located in Atlanta, GA; Austin, TX; Boca Raton, FL; Boston, MA; Boulder, CO; Charlotte, NC; Dallas, TX; Denver, CO; Edison, NJ; Hartford, CT; Houston, TX; Indianapolis, IN; Jacksonville, FL; Long Island, NY; Los Angeles, CA; Manhattan, NY; Miami, FL; Minneapolis, MN; Nashville, TN; Orlando, FL; Phoenix, AZ; Queens, NY; San Diego, CA; San Francisco, CA; Sarasota, FL; St. Louis MO; Tampa, FL; and West Palm Beach, FL. For more information about Oasis Outsourcing, visit www.oasisadvantage.com.
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SOURCE Oasis Outsourcing