Harris Williams Advised Encore Discovery Solutions in Sale to Epiq Systems for $100M

Yesterday, it was announced that Kansas-based Epiq Systems, a publicly traded company that sells software to the legal industry, as acquired rival Encore Discovery Solutions for $100 million in cash. Today, middle market advisor Harris Williams & Co., based in Richmond, Va., is announcing that it advised Encore on the deal.

PRESS RELEASE:

Harris Williams & Co. announces the sale of Encore Discovery Solutions (Encore), a portfolio company of The Frontenac Company (Frontenac), in a transaction valued at $100 million. Harris Williams & Co. acted as the exclusive advisor to Encore. The transaction was led by Glenn Gurtcheff from the firm’s Minneapolis office, and John Arendale, Brian Lucas and Lanre Osinusi from the firm’s Richmond office.

Through a combination of knowledge and innovation, and with a focus on helping clients achieve favorable results, Encore provides a broad range of discovery services to major law firms and corporate legal departments across the U.S. According to independent industry surveys, Encore is ranked as one of the leading providers of electronic data discovery and related services, including data collections, forensics and analytics; data minimization; data processing; Web hosting and document production.

Frontenac is a Chicago-based private investment firm founded in 1971. Frontenac invests in high-quality,
closely-held companies, primarily in services businesses. The firm partners with proven executives to acquire and grow successful mid-sized companies. Frontenac has extensive experience in meeting the needs of mid-sized business owners, almost always families and owner-operators, as they address complex business transition issues of liquidity, management enhancement and growth planning. Frontenac has been involved with over 200 family business transitions.

Encore has been acquired by strategic buyer Epiq Systems, Inc. [NASDAQ:EPIQ]. Headquartered in Kansas City, KS, Epiq Systems is a leading global provider of integrated technology solutions for the legal profession. Epiq Systems’ solutions streamline the administration of bankruptcy, litigation, financial transactions and regulatory compliance matters. Epiq Systems offers innovative technology solutions for electronic discovery, document review, legal notification, claims administration and controlled disbursement of funds. Epiq Systems’ clients include leading law firms, corporate legal departments, bankruptcy trustees, government agencies, mortgage processors, financial institutions and other professional advisors who require innovative technology, responsive service and deep subject matter expertise.

Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc.
(NYSE:PNC), is the premier middle market advisor with a two-decade legacy of sell side excellence serving clients worldwide. The firm is focused exclusively on the middle market, providing sell side and acquisition
advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.
Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of
FINRA and SIPC, and Harris Williams & Co. Ltd, an Appointed Representative of Sturgeon Ventures LLP, which is authorized and regulated by the Financial Services Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business in the U.S. and Europe, respectively.