MidOcean Partners Announces System One Acquires IT Staffing Firm ALTA IT Services
December 29, 2015
Acquisition supports strategic expansion of System One’s IT staffing offering. Continues System One’s track record of growth via strategic acquisitions.
New York, NY – MidOcean Partners (“MidOcean”), a premier middle market private equity firm, is pleased to announce that on December 29, 2015 System One, a leading provider of specialized workforce solutions and integrated services, acquired ALTA IT Services (“ALTA”), an IT staffing company based in Rockville, MD. Specializing in IT staffing and consulting for government agencies and commercial clients, ALTA has emerged as an industry leader over the last two decades. ALTA becomes a wholly owned subsidiary of System One Holdings, LLC, and the company will operate in alignment with System One’s IT division.
With this acquisition, System One expands its capacity to help clients transform their technology environments through software and applications development, systems integration, project management, infrastructure and data management, and more. Together, the companies will focus on sourcing and screening talent for legacy systems and emerging technologies to support critical IT projects and core business functions.
Additionally, System One benefits from ALTA’s strength within the government sector. ALTA holds a Top Secret Facility clearance and has a strong track record of delivering IT talent that meets the strict compliance and performance standards associated with Federal contracts. The company works with the largest federal government contractors as well as a long list of small businesses and commercial enterprises.
“Our firms’ combined service portfolio bridges the gap between business operations and IT expertise, offering our clients a proven path to efficient design and deployment of technology,” said Troy Gregory, President and CEO of System One. “We are excited to invest in the growth of this exceptional team and expand our reach in IT and government services. We look forward to bringing ALTA’s deep subject matter expertise and significant experience in IT to all of System’s One clients.”
ALTA CEO Howard Stein is retiring at the end of this year after an entrepreneurial career spanning more than 30 years of leading high-growth IT staffing agencies. Industry veteran and ALTA Executive Vice President Rich Paolicelli, who has worked with Stein for many of those years and has been with ALTA since 2007, will assume the senior leadership role. “Our team is thrilled to start off 2016 as part of the System One family,” said Paolicelli. “This impactful investment in our successful business model and specialized expertise will greatly benefit our employees, consultants, and clients.”
About ALTA IT Services
As a leader in the IT staffing industry, ALTA IT Services (ALTA) provides highly qualified, talented people with the core competencies and intelligence to staff key projects. Our services are flexible, nimble and have evolved to keep pace with the ever-changing needs of the marketplace. ALTA serves a variety of customers in the commercial, government and non-profit sectors and holds a Top Secret Facility Clearance, which enables us to support classified government programs. www.altaits.com
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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 New York-based alternative asset manager that specializes in middle market private equity and alternative credit investments. Since its inception in 2003, MidOcean Private Equity has managed approximately $4.8 billion of committed capital and has targeted investments in high-quality middle market companies in the consumer and business services sectors. MidOcean Credit Partners was launched in 2009 and currently manages over $7.5 billion across a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts as of June 30, 2020.
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