Accel-KKR has acquired “a significant equity stake” in Alexander Gallo Holdings, an Atlanta-based provider of court reporting and litigation support services. No financial terms were disclosed for the deal, which helped Alexander Gallo acquire competitor The Hobart West Group.
Accel-KKR today announced the acquisition of a significant equity stake in Alexander Gallo Holdings, LLC, a privately-held court reporting and litigation support services company headquartered in Atlanta, Georgia. The equity stake was purchased as part of Alexander Gallo Holdings’ acquisition of The Hobart West Group, a major industry peer, in a transaction substantially funded by Accel-KKR. Financial terms were not disclosed.
The acquisition of The Hobart West Group positions Alexander Gallo Holdings, a technology-enabled enterprise with a highly scalable proprietary platform, as the largest company in its space. The combined company offers law firms and corporate customers a national platform with local reach and unparalleled litigation support services. At the same time, the transaction provides Alexander Gallo Holdings with the scale and resources to accelerate its growth organically and through further acquisitions.
Under the terms of the transaction, Alex Gallo, the company’s founder, will continue to lead the organization in his ongoing role as President and Chief Executive Officer, and his current management team will remain unchanged.
Alex Gallo said, “The acquisition of The Hobart West Group is a game-changing transaction for our company, and one that was successfully executed in spite of a highly challenging deal environment, thanks to our partnership with Accel-KKR. There is significant demand across the country for court reporting and litigation support services and our partnership with Accel-KKR solidifies our foundation as we further capitalize on the tremendous potential of our market going forward. As a company that has differentiated itself in part through its breadth of technology-enabled service offerings, we look forward to working with Accel-KKR, a focused technology investor, as we continue to build our business.”
Ben Bisconti, Managing Director of Accel-KKR, said, “Alex and his team have built a truly differentiated business with outstanding customer relationships, a world-class set of offerings and a highly efficient technology-enabled operation. We are excited to be partnering with them to help take this business to the next level. The combined business will truly be the leader in its industry in terms of scale, customer base and breadth of service offerings.”
Jason Klein from Accel-KKR added, “Over the years, we have looked at a number of software and IT-enabled businesses in the litigation services sector. Alex and his team have distinguished themselves in their operational excellence and consistent industry leadership. They have built a profitable business with a long history of organic and inorganic growth, and we look forward to working with them to continue this trajectory of success.”
Accel-KKR is a technology-focused private equity firm with over $1 billion in assets under management. The firm invests primarily in technology-enabled businesses well positioned for top-line and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value through the significant resources available through the Accel-KKR network. Accel-KKR has a particular focus on buyouts and recapitalizations of family-owned or closely-held private companies, divisional buyouts of larger companies, and going-private transactions. For more information, please visit www.accel-kkr.com.
About Alexander Gallo Holdings, LLC
Based in Atlanta, Alexander Gallo Holdings is the one of the leading privately-held court reporting and litigation services companies worldwide. With the largest base of court reporters in the United States, Alexander Gallo Holdings has more experience in the court reporting and litigation support service industry than any other company, offering court reporting, legal video, trial presentation and staffing professionals from coast to coast. This expertise, coupled with the company’s entrepreneurial spirit and focus on superior client service, has helped the company provide quality litigation support services to clients since 1999.
Subsidiaries of Alexander Gallo Holdings include: Associated Reporters, Brown & Gallo, Jack Daniel Court Reporting & Video Services, LRI, Paulson Reporting & Litigation Services, and Tankoos Reporting, all providing court reporting services; and SetDepo, a national referral network for court reporting, videography, and conference rooms.