Formation Allows for Strategic Growth in the Company’s Core Areas
CHICAGO, IL (January 5, 2021) – The Planet Group (“Planet”), a portfolio company of MidOcean Partners and leading provider of outsourced human capital and consulting solutions, announced today that it has launched two new brands: Planet Technology and Planet Professional.
Planet Technology will be formed by combining the Technology and Software divisions of WinterWyman, an award-winning staffing and search firm that Planet acquired in November, 2019, with Planet121, Planet’s Enterprise Solutions expert, and Planet Interactive, the Company’s Creative & Digital division. This triumvirate will be joined by Interactive Business Systems, who joined the Planet family of companies in November, 2020. By joining forces, Planet Technology will be able to expand their collective reach and service offerings and create additional value to the Tech staffing industry.
Planet Professional will combine the Finance, Human Resources and Administrative divisions of WinterWyman. Headquartered in Bedford, MA, Planet Professional will continue serving a wide variety of industries across the nation with back office professionals. With a staff of over 50 recruiters, Planet Professional will build on WinterWyman’s 48-year history to continue serving their markets with premium professional talent.
Named earlier this year as both a Fastest-Growing US Staffing Firm and one of the Largest Staffing Firms in the US by Staffing Industry Analysts, Planet is experiencing accelerated growth. Michael Stomberg, CEO of Planet, said the strategic realignment of these existing companies will allow for future focused expansion. “We’ve seen tremendous, sustained, need for talent in both the Tech and Professional sectors and the creation of these new entities will allow us to grow both organically and through acquisition to further expand these important areas of our business.”
MidOcean Partners, a premier middle market private equity firm, made a majority investment in Planet in January 2018 to escalate the company’s strategic initiatives and drive continued growth. Planet will look to continue accelerating its expansion through future M&A activity.
ABOUT THE PLANET GROUP
The Planet Group consists of 11 related entities, including five renowned staffing brands, and has been purposefully built to address the professional services needs of leading companies in the Accounting & Finance, Technology, Life Sciences, Human Resources, Diversified Energy & Engineering, Healthcare and Digital Marketing areas. The company was founded in 2009 and is headquartered in Chicago, Illinois, with offices throughout the US and Europe.
ABOUT MIDOCEAN PARTNERS
MidOcean Partners is a premier New York-based alternative asset manager that specializes in middle market private equity and alternative credit investments. Since its inception in 2003, MidOcean Private Equity has managed approximately $4.8 billion of committed capital and has targeted investments in high-quality middle market companies in the consumer and business services sectors. MidOcean Credit Partners was launched in 2009 and currently manages approximately $8.0 billion across a series of alternative credit strategies, collateralized loan obligations and customized separately managed accounts as of September 30, 2020. Learn more at https://www.midoceanpartners.com.
MEDIA CONTACTS
The Planet Group
Elizabeth Spayne, VP of Marketing
781.530.3191 | espayne@theplanetgroup.com
MidOcean Investor Relations
Allison Donohue
investorrelations@midoceanpartners.com