System One completed a new investment from funds managed by Oaktree Capital Management and StepStone Group. Financial terms were not disclosed.
“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,” Troy Gregory, chairman and CEO of System One, said. “We’re excited to renew our partnership with Oaktree and bring StepStone into our investor group as we continue to execute our strategic growth initiatives, expand our capabilities, and invest in our platform and employees to enhance the value we bring to our clients.”
Jimmy Lee, managing director and assistant portfolio manager at Oaktree, added, “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. We are proud of our partnership with the entire System One organization during a period of significant growth and look forward to continuing our support of the company’s strategic growth plan.”
Geoff Dolan, partner at StepStone, said, “System One has built a highly respected platform known for its technical expertise, customer focus, and ability to deliver critical solutions to its clients. We’re excited to partner with Oaktree and look forward to supporting System One and its talented team.”
Together, Oaktree and StepStone’s investments will support System One’s continued growth strategy, strengthen its ability to serve clients and create new opportunities across its expanding portfolio of services and solutions.
Moelis served as financial advisor and Kirkland & Ellis served as legal counsel to System One and Oaktree. Debevoise & Plimpton served as legal counsel to StepStone.
