Charlotte, NC and Boston, MA (October 30, 2013) – Systems Maintenance Services Inc. (SMS) announced today that Summit Partners, a leading global growth equity investor, has made a significant equity investment in the company. Thomas H. Lee Partners, L.P., a leading private equity firm focused on investments in global businesses headquartered in North America which acquired SMS in 2010, remains the majority shareholder.
Don Doctor, SMS’ Chairman & CEO, said, “We are pleased to welcome Summit Partners as an investor, and are confident that they bring invaluable investment experience and industry knowledge that will further enable our organic and strategic growth strategies. We are excited to have another strong partner alongside THL that is fully supportive of our global growth initiatives.”
John Carroll, a Summit Partners Managing Director, said, “We are enthusiastic about working closely with THL and the SMS management team to further propel the growth of this exceptional company. SMS has a proven track record of expanding into new product sets and geographies, while maintaining consistent high-service delivery standards.”
Peter Rottier, a Summit Partners Principal added, “We are delighted to be an investor in SMS alongside THL. Both our firms are committed to investing in SMS’ world-class infrastructure and building on the company’s history of successful strategic acquisitions in order to provide clients with the optimal IT services and support solutions that will help them compete in the global marketplace.”
Following the close of the transaction, the terms of which were not disclosed, Summit Partners’ Carroll and Rottier will join the SMS Board of Directors.
More at www.sysmaint.com