Charles Russell Speechlys advises SMS Systems Maintenance Services Inc on the acquisition of Prob-Solve Group Limited
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.
News & Insights
Tax News - Luxembourg - October 2019
Release of 2020 budget draft law – Tax rulings issued before 2015 will not be valid anymore.
Charles Russell Speechlys advises discoverIE Group plc on its acquisition of Sens-Tech Limited
Charles Russell Speechlys advised long standing client, discoverIE on its acquisition of Xi-Tech Ltd and its subsidiary Sens-Tech Ltd.
SMCR – Briefing Note for Broking and Trading Firms
All broking and trading firms which are regulated by the FCA will become subject to the SMCR on 9 December 2019.