MidOcean Partners Announces Controlling Stake Investment in All Systems Holding LLC

Private Equity Firm Invests in Leading Provider of Managed Staffing and Technical Outsourcing Solutions

NEW YORK”January 3, 2013 ”MidOcean Partners (“MidOcean”), a leading middlemarket private equity firm, announced today that it has made a controlling stake 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 MidOcean

MidOcean Partners is a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments. Since its inception in 2003, MidOcean Private Equity has targeted investments in high-quality middle-market companies in the consumer and business services sectors. MidOcean Credit was launched in 2009 and currently manages a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts.

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