Charter Systems, Inc., a West Newton, Massachusetts-based leading provider of proprietary remote network management, design consulting, and implementation services, retained Shields & Company to structure a recapitalization to partially buy out one shareholder and position the company for growth opportunities. Shields & Company continued to advise Charter Sysytems in a merger with BISYS, Inc., a NASDAQ-traded company specializing in providing outsourcing services to financial institutions. The transaction provided shareholders with liquidity and the Company with an attractive corporate partner for the future. Charter Systems expected to continue on its growth path with the benefit of access to the established BISYS relationships with financial institutions around the country.
Shields & Company acted as a financial advisor to Charter Systems, Inc. in the above transaction.