Bone McAllester Norton attorneys Trace Blankenship and Sarah Lodge Tally represented Brentwood-based CEP, Inc. in its sale to Oasis Outsourcing, Inc. CEP, Inc. is the controlling shareholder of Fortune Industries, Inc. (OTCMKTS: FDVF), which CEP acquired in a management-led buyout in 2013. The transaction was structured as a merger, which was effective on September 16, 2016. Blankenship, along with Charles W. Bone, also represented CEP’s management team in the 2013 acquisition transaction.
Fortune Industries is a professional employer organization (PEO) group providing full-service human resources and employment-related services to its diverse client base throughout the country through Century II, Inc., Employer Solutions Group, Inc., and Professional Staff Management, Inc. Oasis Outsourcing is the nation’s largest privately-held PEO and currently serves almost 6,000 clients and more than 200,000 worksite employees nationwide. This transaction will add over 14,000 worksite employees in 47 states to the Oasis platform.
Trace Blankenship, member and general counsel of Bone McAllester Norton, served as lead counsel on this transaction. His practice is focused on mergers and acquisitions, securities/venture funding/private placements and company governance and board strategy. Sarah Lodge Tally is an attorney at Bone McAllester Norton and assisted with the transaction. Sarah’s practice is focused on corporate matters advising in strategy and execution of complex transactions.
To read our client’s press release, click here.
To read an article about the transaction in the Nashville Post, click here.