NEW YORK, Jan. 3, 2013 /PRNewswire/ -- MidOcean Partners ("MidOcean"), a leading middle-market private equity firm, announced today that it has made a significant equity investment in All Systems Holding LLC ("System One" or the "Company"). Headquartered in Pittsburgh, PA, System One was formed in 2008 through a management buyout led by Troy Gregory, System One's CEO, of Hudson Highland Group, Inc.'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 United States.
"Over the course of the last two years, MidOcean has been evaluating opportunities in the specialized 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," said 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."
Troy Gregory, System One's CEO, said, "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."
About System One
Headquartered in Pittsburgh, Pennsylvania, System One provides managed staffing and technical outsourcing solutions to improve productivity, specializing in the energy, engineering, information technology, commercial and scientific sectors. System One is the sixth largest engineering staffing companies and the forty-second largest staffing company overall in the U.S. Additional information about System One is available at www.systemoneservices.com.
About MidOcean Partners
MidOcean Partners is a premier private equity firm headquartered in New York focused on the middle market. MidOcean is committed to investing in high quality companies with stable market positions and multiple opportunities for growth. Targeted sectors include business and financial services, consumer, media and communications, and industrial services. MidOcean utilizes a broad foundation of expertise in its focus industries to create value for its investors and partners. For more information, visit www.midoceanpartners.com.
Contact for MidOcean: Chris Tofalli
SOURCE MidOcean Partners