Harris Williams & Co. Advises All Systems Holding, LLC on its Significant Investment from Thomas H. Lee Partners, L.P.

November 1, 2016

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for 25 years, announces that All Systems Holding, LLC (System One) has received a significant investment from Thomas H. Lee Partners, L.P. (THL). System One, a portfolio company of MidOcean Partners, is a leading provider of human capital and contingent workforce management solutions. The transaction was led by Derek Lewis, Bob Baltimore, John Klim and Victoria Mercer of Harris Williams & Co.’s Business Services Group and Chris Burnham of the firm’s Energy, Power & Infrastructure (EPI) Group.

“System One’s unique, entrepreneurial approach to human capital and workforce management solutions has positioned the company as a leader in its market. We have truly enjoyed working with the System One management team and look forward to following the company’s continued evolution and success,” said Derek Lewis, a managing director at Harris Williams & Co.

“With employers’ increased reliance on a contingent workforce, System One is poised to continue capturing market share. The company’s ability to source highly specialized consultants enables it to be a leading provider of staffing solutions for services such as testing and inspection or non-destructive testing, a sector experiencing demand due to increased industry regulation and compliance,” said John Klim, a director at Harris Williams & Co.

Headquartered in Pittsburgh, Pennsylvania, System One delivers specialized workforce solutions and integrated services focused on mission-critical, recurring human capital solutions, such as, testing and inspection, non-destructive testing, staff augmentation, legal process outsourcing and eDiscovery, recruiting services, managed service provider services and vendor management services. System One's national network spans energy, engineering, IT, commercial, scientific and clinical and legal markets.

Established in 2003, MidOcean Partners is a New York-based alternative asset manager that specializes in middle market private equity and credit investments. Since inception, MidOcean Partners has managed private equity funds with approximately $4 billion in commitments and focuses on high quality middle market companies with attractive strategic, operational and financial growth opportunities in the consumer and business and media services sectors. MidOcean Credit Partners, which launched in 2009, manages approximately $4 billion across a series of alternative credit strategies, collateralized loan obligations (CLOs) and customized separately managed accounts.

THL is one of the world's oldest and most experienced private equity firms. The firm invests in growth-oriented businesses, headquartered principally in North America, across three broad sectors, consumer and healthcare, media and information services and business and financial services. Since its founding in 1974, THL has raised over $20 billion of equity capital and invested in more than 130 businesses with an aggregate purchase price of more than $150 billion. THL strives to build great companies of lasting value and generate superior investment returns.

Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide.  The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Harris Williams & Co.’s Business Services Group has experience across a variety of sectors, including facility services; environmental services; business process outsourcing; legal and insurance services; marketing and information services; professional services; payment processing and financial services; and education and training.  For more information on the firm’s Business Services Group and other recent transactions, visit the Business Services Group’s section of the Harris Williams & Co. website.

Harris Williams & Co.’s EPI Group has experience across a broad range of sectors, including engineering and construction and environmental services, oil and gas equipment and services, energy efficiency and clean tech, industrial and infrastructure services and power products and technology.  For more information on our energy, power and infrastructure experience, please visit the EPI Group’s section of the Harris Williams & Co. website.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorized and regulated by the Financial Conduct Authority.  Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.