October 31, 2022

MSouth Announces Successful Strategic Transformation of Onepath Systems, LLC

Atlanta, GA (October 31, 2022) – MSouth Equity Partners, an Atlanta-based private equity firm with an office in Nashville, announced the successful strategic transformation of Onepath Systems, LLC (“Onepath” or the “Company”). In partnership with MSouth, Onepath has successfully divested two of its legacy business units to focus on its core, leading managed service provider (“MSP”) organization.      

Onepath was founded in 1997 and is headquartered in Atlanta, GA, with additional presence in the Northeastern U.S. The Company’s remaining MSP business provides a full suite of managed IT services including cloud, cybersecurity, unified communications, and outsourced IT services. Today, Onepath primarily serves mid-size businesses with concentrations in the healthcare, financial services, manufacturing, and legal industries.

Barry Boniface, an MSouth Partner, said, “We are pleased to announce the Company’s successful strategic transformation, and are very excited to continue our solid partnership with the Onepath management team. Onepath’s MSP business has a very attractive financial profile and we believe the company is well positioned to continue its organic and inorganic growth.  Our plan is to make several attractive acquisitions to further accelerate the Company’s growth and add additional scale to the business.”

“We are excited to announce this new chapter of growth at Onepath, and we look forward to partnering with other leading managed service providers that serve small and mid-size businesses,” said James Hwang, CEO. “Our goal is to continue providing top-tier IT solutions and best-in-class customer service, while also providing each employee with the opportunities needed to advance their careers.”

MSouth Equity Partners is a private equity investment firm that provides equity capital and expertise to support management teams in acquisitions and recapitalizations of lower middle market companies typically valued between $25 and $250 million. Based in Atlanta and Nashville, MSouth invests primarily in the South with a consistent focus on management buyouts of business services, specialty distribution, niche manufacturing, healthcare services, and telecommunications/media companies. With more than $2.2 billion of capital raised across four funds, MSouth is a successor to Cravey, Green & Wahlen, Inc., which was founded in 1984.