Pamplona Capital Management (Pamplona) has sold Veritext Legal Solutions (Veritext) to Leonard Green & Partners (Leonard Green).
Headquartered in Livingston, New Jersey, Veritext is the leader in deposition and litigation support solutions in the United States. Veritext provides law firms and corporations with national coverage, state-of-the-art facilities, highly skilled court reporters, advanced technology, unparalleled client service and on-time delivery. The Company utilizes the latest, easy-to-use technologies to streamline the deposition process, enhance delivery flexibility and reliably handle the most complex cases.
Nancy Josephs, the Chief Executive Officer, says: “We have enjoyed partnering with Pamplona and greatly appreciate all of the resources and expertise they have provided. We look forward to continuing this momentum and entering our next phase of growth.”
Bill Pruellage, Partner at Pamplona, says: “Through organic and inorganic initiatives, Veritext has continued to outpace market growth and consolidate the legal services industry. The Company’s robust expansion, coupled with its ability to generate strong free cash flow, has created significant value to all stakeholders. It has been a pleasure to support and work alongside Veritext and its exceptional management team, led by Nancy Josephs and Rich Antoneck.”
Pamplona acquired Veritext from Investcorp in January 2016. Under Pamplona’s ownership, Veritext has grown its sales force, completed 11 strategic add-on acquisitions, opened two offices in new markets, invested in technology and marketing, and built a robust corporate structure. With over 600 employees and 60 offices located in the largest legal markets in the United States, Veritext’s geographic footprint spans the entire country.
Pamplona was advised by Harris Williams and Skadden, Arps, Slate, Meagher & Flom LLP in connection with the transaction.
