BGL Advises Staff One HR in its Sale to Oasis Outsourcing
CHICAGO, Dec. 7, 2017 /PRNewswire/ — Brown Gibbons Lang & Company (“BGL”) is pleased to announce the sale of Staff One, Inc. (“Staff One HR” or the “Company”) to Oasis Outsourcing, Inc. (“Oasis Outsourcing”), the nation’s largest privately held Professional Employer Organization (“PEO”) and a portfolio company of Stone Point Capital and Kelso & Company. BGL’s Business Services team served as the exclusive financial advisor to Staff One HR. Terms of the transaction were not disclosed.
“BGL has shown us a number of quality PEO prospects over the past few years, two of which (Fortune Industries and Staff One) we have been pleased to consummate,” said Mark Perlberg, President and Chief Executive Officer, Oasis Outsourcing.
Based in Dallas, Texas, Staff One HR is a leading regional PEO that specializes in human resources management, benefits administration, workplace safety, payroll processing, and human resource technology solutions. These services are complemented by a full suite of ancillary services including tax credit, recruitment and retention, employment screening and assessment, among others, in providing high quality HR services to small and mid-size businesses to clients in 44 states. “The BGL Business Services team ran an outstanding process for Staff One, resulting in an excellent result for both the company and our investor group. We enjoyed working with the BGL team members throughout the process and Cliff Sladnick provided me and my board with sage advice,” said Mark Sinatra, Chief Executive Officer, Staff One.
Clifford Sladnick, head of BGL’s Business Services practice, led the engagement with Staff One HR. Sladnick’s experience in the PEO industry spans over a decade, having previously served as an executive officer at Gevity HR, then the largest PEO in the country. Commenting on the transaction, Sladnick said, “BGL ran a full and vibrant process with multiple parties involved, with Oasis Outsourcing prevailing with the best price and terms. Having had long-term relationships with both Staff One HR and Oasis Outsourcing, it was clear that this was an ideal opportunity for both parties. The success of this engagement demonstrates the extent of BGL’s expertise and network within the PEO industry.”
To learn more about BGL’s Business Services Group, please visit: https://www.bglco.com/business-services
About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company is a leading independent investment bank serving the middle market. BGL specializes in mergers and acquisitions advisory services, debt and equity placements, financial restructuring advice, and valuations and fairness opinions, with global industry teams in Business Services, Consumer & Retail, Environmental & Industrial Services, Healthcare & Life Sciences, Industrials, and Real Estate. BGL has offices in Chicago, Cleveland, Philadelphia, San Antonio, and San Diego, in addition to Global M&A partner offices in more than 50 countries across 5 continents. BGL is able to deliver to our clients unparalleled access to strategic relationships, investors, and opportunities globally. For more information, please visit www.bglco.com.
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SOURCE Brown Gibbons Lang & Company