M&A Deal Summary

System One Acquires Quadel

On June 8, 2021, System One acquired business services company Quadel from Bluestone Investment Partners

Acquisition Highlights
  • This is System One’s 3rd transaction in the Business Services sector.
  • This is System One’s 9th transaction in the United States.
  • This is System One’s 1st transaction in Indiana.

M&A Deal Summary

Date 2021-06-08
Target Quadel
Sector Business Services
Buyer(s) System One
Sellers(s) Bluestone Investment Partners
Deal Type Add-on Acquisition

Target

Quadel

Indianapolis, Indiana, United States
Quadel is a provider of outsourced program management, contract administration, disaster recovery, and housing services consulting, and training and educational services. These services are provided to and on behalf of various federal, local, and state agencies. Quadel was founded in 1975 and is based in Indianapolis, Indiana.

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Buyer(S) 1

Buyer

System One

Pittsburgh, Pennsylvania, United States

Category Company
Sector Staffing
DESCRIPTION

System One is a provider of 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. System One is based in Pittsburgh, Pennsylvania.


DEAL STATS #
Overall 9 of 13
Sector: Business Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 7 of 11
State: Indiana M&A 1 of 1
Country: United States M&A 9 of 13
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-09 The Rowland Group

Tulsa, Oklahoma, United States

The Rowland Group LLC is a professional recruiting firm that provides businesses with hiring solutions in the areas of Energy, Engineering, Information Technology, and Accounting and Finance. Rowland offers a wide variety of customized hiring solutions, including contract, contract-to-hire, and direct-hire and their clients include companies of all sizes and industries that care about hiring the “right person.” The Rowland Group LLC was founded in 1994 and is based in Tulsa, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-05 Dreamtek

New York, New York, United States

Dreamtek is a global video production company delivering the best in creative video production, live event streaming, and managed services. Dreamtek is based in New York City.

Buy -

Seller(S) 1

SELLER

Bluestone Investment Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2018
PE ASSETS 100M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Bluestone Investment Partners is a private equity firm focused on the defense and government services sectors. The Firm looks to identify mid-sized opportunities where it can assist with growth initiatives, strategy, and identify add-ons. Bluestone Investment was established in 2018 and is based in McLean, Virginia.


DEAL STATS #
Overall 1 of 5
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 4
State: Indiana M&A 1 of 1
Country: United States M&A 1 of 5
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-25 CTI

California, Maryland, United States

CTI is a provider of high-end software and systems development products for the defense and intelligence communities. CTI is based in California, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-09 cBEYONData

Lorton, United States

cBEYONData is a professional services and solutions company specializing in supporting mission-driven agencies and organizations with the enhancement and automation of business processes, cloud migrations and enablement, business intelligence, data management and warehouses, data analytics, and agile project and process management. cBEYONData is based in Lorton, Virginia.

Buy -