Paychex acquires Oasis Outsourcing
Paychex Inc. said it has completed its acquisition of Oasis Outsourcing Acquisition Corp., one of the largest professional employer organizations in the US. The purchase price was US$1.2 billion, subject to customary closing adjustments. Paychex and Oasis will continue to operate as separate entities. Based in Rochester, New York, Paychex announced the transaction last month. It will now serve more than 1.4 million worksite employees through its HR outsourcing services. Oasis, headquartered in West Palm Beach, Florida serves more than 8,400 clients nationwide and provides HR solutions, employee benefits, payroll administration and risk management services.
