Deal Details

KeyLogic Is Acquired by System One

Technology & Services

KeyLogic sale to System One, a portfolio company of Oaktree

Summary

KeyLogic Technologies Corp. (“KeyLogic” or the “Company”) has been acquired by System One Holdings, LLC (“System One”), a portfolio company of Oaktree Capital Management, L.P. (“Oaktree”). Terms of the transaction were not disclosed.

Baird served as exclusive financial advisor to KeyLogic on this transaction.

About

KeyLogic is an experienced provider of advanced research & development, data analytics, and digital transformation services for the Federal market. The Company has well established positions as a trusted partner across the Department of Energy National Laboratories, as well as data-centric customers within Federal Civilian agencies and the Department of Defense. KeyLogic was backed by Proteus Capital in partnership with CEO Jeannette Lee. KeyLogic is headquartered in Alexandria, Virginia.

This transaction illustrates the following priorities in Government & Defense M&A: (1) proven performance and long-term relationships with significant customers; (2) a portfolio of 100% unrestricted work on predominantly prime contracts; and (3) demonstrated ability to cross-sell capabilities across a customer base.

System One is a leading provider of specialized, highly technical outsourced services and workforce solutions to critical infrastructure, technology, life sciences, and government sectors. They are a trusted and essential partner to large private and public organizations – mobilizing specialized, highly technical resources and expertise to execute their most complex, mission-critical programs and accelerate results. Founded more than 40 years ago as a staﬃng partner to the engineering industry, today System One is a diversiﬁed organization operating in over 50 locations and putting more than 9,000 people to work in the United States, Canada, and the United Kingdom. System One is headquartered in Pittsburgh, Pennsylvania, with offices throughout the United States.

Oaktree is a leading global investment manager specializing in alternative investments with $183 billion in assets under management. The firm emphasizes an opportunistic, value-oriented, and risk-controlled approach to investments in credit, private equity, real assets, and listed equities. The firm has over 1,200 employees and offices in more than 20 cities worldwide. Oaktree is headquartered in Los Angeles, California.

Technology & Services

KeyLogic sale to System One, a portfolio company of Oaktree