Caltius Equity Partners Completes Sale of DHR Services Holdings, LLC
August 2, 2017
Caltius Equity Partners (“Caltius Equity”) announced today the sale of its equity interest in DHR Services Holdings, LLC (“DHR”) to Oasis Outsourcing (“Oasis”), the nation’s largest privately-held professional employer organization (“PEO”).
DHR is a PEO providing human resource solutions to small and medium-sized businesses in the southwestern United States. Founded in 1996, DHR administers clients’ health benefits, payroll and workers compensation, and advises them on human resource issues including employment law compliance and risk reduction.
During its ownership of DHR, Caltius Equity worked closely with management to implement strategic growth initiatives, securing the company’s dominant position in the southwest market. Caltius continues to seek new opportunities to invest in platform companies in the business and consumer services sectors.
FIDUS Partners and Morgan Lewis served as financial advisor and legal counsel to Caltius Equity, respectively.