Oasis Records Management Announces It Has Been Acquired by Sverica International and Housatonic Partners
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DUBLIN--(Business Wire)--
Oasis Holdings Limited ("Oasis") announced today that it has been acquired by
Sverica International and Housatonic Partners.
Oasisis a growing company in the records storage industry, serving customers in
the financial, legal, healthcare, and government sectors. The company`s service
offerings include hard copy storage, media storage, imaging, digital archiving,
and destruction. Oasis is headquartered in Dublin, Ireland with additional
offices in Belfast and London.
Sandro Mina, Managing Director at Sverica International, commented: "We are
delighted that our relationship with Housatonic Partners and the management of
Oasis has culminated in this investment. Oasis is an example of Sverica`s
strategy of investing in business service companies with recurring revenues and
a track record of strong internal growth. We look forward to working with our
partners and management to drive continued growth through strategic and
operational initiatives."
Will Thorndike, Managing General Partner at Housatonic Partners, commented: "We
are excited to add Oasis as our fourth investment in records management, an
industry which exemplifies the economic characteristics we focus on. Oasis has a
broad customer base and significant growth momentum. We look forward to working
closely with the management team and Sverica International to further build the
company."
Glen Reid, Interim CEO of Oasis, added "We welcome this partnership with Sverica
International and Housatonic Partners, firms that share our commitment to
building long-term client relationships. The partnership will allow us to
leverage Sverica`s and Housatonic`s resources and industry experience to
continually improve our services to current customers as well as to enter new
markets."
About Oasis
OASIS provides secure offsite records storage and related services to
businesses: hard copy paper storage, media storage, imaging, digital archiving,
and destruction services. For more information, please visit
http://www.oasisgroup.eu/.
About Sverica International
Sverica International is a leading private equity firm with over $425 million of
assets under management across three funds. The firm acquires, invests in and
actively builds companies that are or could become leaders in their industries.
Since 1993, Sverica has maintained a "high touch" operating philosophy of taking
an active role in portfolio companies. Sverica devotes significant internal
resources to help its management teams develop and execute growth strategies.
For more information, please visit www.sverica.com.
About Housatonic Partners
Housatonic Partners is a private equity investment firm founded in 1994 with
more than $650 million in capital under management. Housatonic invests in
growing, profitable companies in the recurring services, media and
communications industries. Housatonic has partnered with exceptional management
teams in more than 50 small to mid-sized companies in these industries over the
last 15 years. For more information, please visit www.housatonicpartners.com.
OASIS Group
Peter McCormick, +353 1 672 5150
Peter.McCormick@oasisgroup.eu
or
Sverica International
Jordan Richards, 415-249-0126
Jordan@sverica.com
or
Housatonic Partners
Charlotte MacDonald, 617-399-9222
cmacdonald@housatonicpartners.com
Copyright Business Wire 2009
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