Charles Russell Speechlys advises SMS Systems Maintenance Services Inc on the acquisition of Prob-Solve Group Limited
9 January 2015
Charles Russell Speechlys has acted as the legal adviser to SMS Systems Maintenance Services Inc,. on its acquisition of Prob-Solve Group Limited, a leading independent provider of managed IT support and solutions across the UK.
Founded in 1981 and based in Charlotte, NC USA, SMS is a leading global provider of multivendor IT asset lifecycle services and support solutions. SMS supports more than 3,000 clients globally with direct locations across North America, Asia and Europe. SMS’s solutions include support for most datacenter brands including Cisco, IBM, HP, Dell, Oracle, EMC, Hitachi, NetApp, Lexmark and Xerox.
SMS is a portfolio company of two leading private equity houses, Thomas H. Lee Partners, L.P., and Summit Partners. SMS is actively looking for corporate development, OEM alliance and strategic partnership opportunities.
“The acquisition of Prob-Solve is an exciting acquisition for SMS and represents further direct investment in the European market. We are grateful to David and Malcolm for their advice and support and look forward to working with them on our next project,” said Steve Favory, Chief Financial Officer of SMS Systems Maintenance Services Inc.
Commenting on the transaction, Malcolm MacDougall, Partner at Charles Russell Speechlys, said: "It was a pleasure to work with SMS on this transaction having previously advised on the acquisition of Exquip (trading as Olympic Support) in 2013. We look forward to continuing our relationship with SMS as they expand their presence in the UK".
The Charles Russell Speechlys core team was led by Corporate Senior Associate David Coates and Private Equity Partner Malcolm MacDougall, alongside specialists from Property, Employment and Corporate Tax.
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