We have seen a huge and sustained need for talent in the tech and professional sectors and the creation of these new entities will allow us to grow both organically and by acquisition to further expand these important areas of our business.
January 05, 2021
The Planet Group (“Planet”), a portfolio company of MidOcean Partners and a leading provider of outsourced human capital and consulting solutions, today announced the launch of 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 recruiting and research company that Planet acquired in November 2019, with Planet121, the enterprise solutions expert at Planet and Planet Interactive, the Creative & Digital division of the society. This triumvirate will be joined by Interactive Business Systems, which joined the Planet family of companies in November 2020. By joining forces, Planet Technology will be able to expand its collective reach and service offerings and create additional value for industry technical personnel.
Professional Planet will bring together the Finance, Human Resources and Administration divisions of WinterWyman. Based in Bedford, MA, Planet Professional will continue to serve a wide variety of industries across the country with back office professionals. With a team of over 50 recruiters, Planet Professional will build on WinterWyman’s 48-year history to continue serving their markets with top-notch professional talent.
Named earlier this year as both the fastest growing U.S. recruiting firm and one of the largest recruiting firms in the United States by recruitment industry analysts, Planet is experiencing accelerated growth. Michael Stomberg, CEO of Planet, said the strategic realignment of these existing companies will allow for future targeted expansion. “We have seen a huge and sustained need for talent in the tech and professional sectors and the creation of these new entities will allow us to grow both organically and by acquisition to further expand these important areas of our business. “
MidOcean Partners, a leading mid-market private equity firm, invested a majority in Planet in January 2018 to intensify the company’s strategic initiatives and continue to grow. Planet will seek to continue to accelerate 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 specially designed to meet the professional services needs of leading companies in the areas of accounting and finance, Technology, Life Sciences, Human Resources, Diversified Energy and Engineering, Healthcare and Digital Marketing Areas. The company was founded in 2009 and is headquartered in Chicago, Illinois, with offices in the United States and Europe.
ABOUT MIDOCEAN PARTNERS
MidOcean Partners is a leading New York-based alternative asset manager specializing in private equity and alternative credit investments in the mid-market. 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 service sectors. MidOcean Credit Partners was launched in 2009 and currently manages approximately $ 8.0 billion through a series of alternative credit strategies, secured loan bonds and separately managed custom accounts as of September 30, 2020. Learn more about https://www.midoceanpartners.com.
The Planet Group
Elizabeth Spayne, Vice President of Marketing
781.530.3191 | email@example.com
MidOcean Investor Relations
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