On Nov. 26, 2018, Kramer Levin client Oasis Outsourcing Acquisition Corporation announced that it has been acquired by an affiliate of Paychex Inc., a provider of payroll, human resource and benefits outsourcing services, for $1.2 billion. The deal closed on Dec. 21, 2018. Oasis is a professional employer organization (PEO) backed by Stone Point Capital LLC and Kelso & Company L.P.

The Kramer Levin team advising Oasis was led by Corporate partners James J. Moriarty and Howard T. Spilko and includes Technology and IP Transactions partner Harry Rubin; Corporate associates Michael B. Cubell, Matthew F. Hacker and Brittany E. Buhler; Tax partner Barry Herzog; Employment Law partner Robert N. Holtzman; and Employee Benefits special counsel Avram J. Cahn.