The shareholders of trial strategy consulting firm DOAR have bought back private equity firm Veronis Suhler Stevenson’s stake in the company.
DOAR provides trial strategy consulting and related services for individuals, law firms and corporations involved in high stakes civil, regulatory and white collar criminal litigation. The initial investment by Veronis Suhler Stevenson (VSS) occurred in 2005 with additional investments used to fund growth through the addition of new lines of business and acquisitions.
"VSS has been a terrific partner over the past 9 years. I appreciate their support and commitment to the company's mission,” says Paul Neale, DOAR's CEO and the lead investor in the management buyout. “I am thrilled by the opportunity to have a bigger stake in our future and to work with my partners and our employees to make DOAR the dominant player in the trial consulting market.
“Transitioning back to a private ownership structure allows us the freedom to implement the strategies that will take the firm to the next level.”
Accelerating the growth of DOAR’s trial consulting practice through the acquisition of new talent and businesses is the primary focus for the company.
Other management members involved in the buyout are Scott Allen, Michael Ferrara and Gene Klimov. The terms of the transaction are not being disclosed.