Fri, 04/01/2013 - 12:07
Middle market private equity firm MidOcean Partners has made a significant equity investment in All Systems Holding.
Headquartered in Pittsburgh, Pennsylvania, System One was formed in 2008 through a management buyout led by Troy Gregory, System One's chief executive, of Hudson Highland Group's engineering staffing business.
Under current management, System One has grown to become a leading provider of managed staffing and technical outsourcing solutions. MidOcean's investment has been made in partnership with the company's current management team.
In addition to providing technical outsourcing solutions to the energy, engineering, information technology, commercial and scientific sectors, over the last three years the company has added complementary services including a proprietary vendor management system, a legal staffing business and a utility services business. System One is the sixth largest engineering staffing company and forty-second largest staffing company overall in the US.
"Over the course of the last two years, MidOcean has been evaluating opportunities in the specialised staffing and HR outsourcing space. System One's deep customer relationships, best-in-class management team and multiple avenues for growth all differentiate it from its competition," says Elias Dokas, a MidOcean principal. "We are very excited to be investing with System One's management team as the company continues on its impressive growth trajectory."
Gregory says: "We are very excited about our new relationship with MidOcean Partners and the financial expertise and complementary resources they will provide to us as we continue to grow our business. We look forward to continuing to deepen our client relationships and growing all of our business segments in partnership with the MidOcean team."
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