Thumbnail

Paychex Completes Acquisition of Oasis Outsourcing

December 21, 2018

Acquisition of largest privately owned PEO in U.S. strengthens Paychex’s HR outsourcing and technology-enabled leadership position

Paychex, Inc., a leading provider of integrated human capital management solutions for payroll, benefits, human resources, and insurance services, today announced that it has completed the acquisition of Oasis Outsourcing Acquisition Corporation (“Oasis”), the nation’s largest privately owned professional employer organization (PEO) and an industry leader in providing human resources outsourcing services. The purchase price was $1.2 billion, subject to customary closing adjustments.

The acquisition significantly advances Paychex’s leadership position in HR outsourcing, leveraging the scope of the company’s technology platform, providing new clients access to Paychex’s innovative products and technology-enabled services, and creating one of the nation’s leading PEOs.  Paychex now serves more than 1.4 million worksite employees (WSEs) through its HR outsourcing services.

Oasis, headquartered in West Palm Beach, Florida, serves more than 8,400 clients across all 50 states with its HR solutions, employee benefits, payroll administration, and risk management services.

About Paychex
Paychex, Inc. (NASDAQ: PAYX) is a leading provider of integrated human capital management solutions for payroll, benefits, human resources, and insurance services. By combining its innovative software-as-a-service technology and mobility platform with dedicated, personal service, Paychex empowers small- and medium-sized business owners to focus on the growth and management of their business. Backed by more than 45 years of industry expertise, Paychex serves over 650,000 payroll clients as of May 31, 2018, across more than 100 locations in the U.S. and Europe, and pays one out of every 12 American private sector employees. Learn more about Paychex by visiting www.paychex.com, and stay connected on Twitter and LinkedIn.

 

Laura Saxby Lynch
Director, Corporate Communications
585-383-3074

Laura Saxby Lynch

As director of corporate communications for Paychex, Laura Saxby Lynch leads a six-member team responsible for external communications, including media and public relations programs, as well as employee communications. Among her other responsibilities, Laura is a lead communicator in companywide initiatives, crisis and issues management, and community relations. She joined Paychex in January 2001 as the company’s first public relations manager after serving as the communications executive for a large non-profit and, prior to that, working as a television journalist. Laura is a graduate of St. Bonaventure University.