Kelso Fund IX Exits Investment in Oasis Outsourcing

Kelso is pleased to announce that on December 21, 2018, Oasis Outsourcing closed the transaction to sell the Company to Paychex, Inc.

Oasis is the largest privately held Professional Employer Organization in the U.S., serving small-and-medium sized businesses in all 50 states and Puerto Rico. Oasis primarily provides full-service payroll administration, employee benefits plan management, workers' comp insurance, and risk management, while also offering other ancillary services such as employee lifecycle management. The Company serves over 8,400 clients and over 265,000 Worksite Employees across a wide range of industries.