Dublin, Ireland – May 27, 2009 – Oasis Holdings Limited (“Oasis”) announced today that it has been acquired by Sverica International and Housatonic Partners. Oasis is 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, Partner 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.”
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 www.oasisgroup.eu.
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.