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System One's Strategic Investment Partnership

In a significant move to bolster its growth strategy, System One, a leading provider of specialized services and workforce solutions, has announced a new investment partnership with Oaktree Capital Management and StepStone Group. This collaboration is expected to enhance System One's capabilities in delivering critical infrastructure solutions across various sectors.

About System One

Founded over four decades ago, System One has carved out a vital niche in providing specialized, highly technical outsourced services to essential markets, including utilities, telecommunications, and government sectors. With over 50 operational locations and a workforce exceeding 10,000 professionals, the company is a trusted partner for numerous blue-chip and government clients across North America and beyond. System One's commitment to technical expertise and high-quality service delivery underpins its success and ongoing growth.

The Investment Partnership

The financial details of the partnership have not been disclosed, but it marks a renewed collaboration with Oaktree and now includes StepStone Group as an additional investor. "I am very proud of the platform we've built, centered around technical solutions, and our talented employees delivering trusted expertise and mission-critical services for our clients," said Troy Gregory, the Chairman and CEO of System One. This sentiment reflects the company's strategic focus on investing in its capabilities and workforce.

Both Oaktree and StepStone bring substantial expertise and resources that will support System One's strategic growth initiatives. Oaktree, known for its value-oriented, risk-managed investment strategies, aims to leverage its financial prowess to identify opportunities that enhance System One’s service offerings. StepStone, with its broad portfolio management expertise, oversees investments totaling approximately $245 billion and, as part of this partnership, aims to bolster System One's operational capacities and growth trajectory.

Voices from Leadership

Jimmy Lee from Oaktree emphasized the relationship's importance, stating, "System One has established itself as a leader in technical solutions, with a strong commitment to its people, clients, and culture of delivering high-quality solutions." This positions the partnership not just as a financial backing but as a strategic alignment of values and visions for future growth.

Geoff Dolan of StepStone added, "We’re excited to partner with Oaktree and support System One and its talented team." This synergy between the three entities is expected to yield enhanced service offerings and improved capabilities in responding to client needs.

Looking Ahead

The integration of Oaktree and StepStone's resources and insights is projected to catalyze System One's growth while nurturing its commitment to service excellence. The partnership’s strategic objective is to not only reinforce the current portfolio but also explore new opportunities that align with market demands. As System One continues to expand its reach and impact, the partnership serves as a significant element in its overarching strategy.

In summary, the collaboration between System One, Oaktree, and StepStone signals a pivotal step towards reinforcing the company’s status as a leader in providing specialized solutions to essential markets. As the sectors evolve, this partnership positions System One to adapt and thrive amidst ever-changing business landscapes.

Conclusion

Through this strategic investment partnership, System One aims to enhance its value proposition for clients, ensuring robust support for complex, mission-critical programs. This move underscores the ongoing commitment of System One to deliver high-quality solutions while strategically positioning itself for future growth and innovation.