Deposition Solutions, which is backed by Trinity Hunt Partners, has acquired Houston-based Stratos Legal Records, a medical records retrieval services unit of Stratos Legal. No financial terms were disclosed.
Deposition Solutions, a leading provider of litigation support services and portfolio company of Trinity Hunt Partners, today announced the acquisition of Stratos Legal Records, the medical records retrieval services division of Stratos Legal. The acquisition positions Deposition Solutions as one of the largest medical records retrieval providers serving the legal industry.
“We are very excited to welcome Stratos Legal Records to our growing family of premier litigation services brands,” said Mike Clepper, CEO of Deposition Solutions. “With this partnership, we can now more seamlessly offer records retrieval along with our other professional services to leading law firms and corporate legal departments nationwide.”
Headquartered in Houston, Stratos Legal Records has experienced dramatic growth in recent years as a result of the company’s strong leadership team and customer relationships. The Stratos Legal Records management team will stay in place after the transaction as a division of Deposition Solutions.
“As we began to execute our strategic growth plans for Deposition Solutions, we quickly identified Stratos Legal Records as an ideal add-on as the companies’ service offerings complement each other very well,” said Pete Stein, managing partner of Trinity Hunt. “Completing such a significant acquisition within the first six months of our investment gives us strong momentum toward achieving our collective growth objectives.”
Trinity Hunt Partners previously acquired a majority share of Deposition Solutions in February 2015.
About Trinity Hunt Partners
Trinity Hunt Partners is a Dallas-based private equity firm investing in established middle-market companies that are valued between $20 million and $150 million, where additional capital and operating resources can accelerate growth. The firm considers investment opportunities within a select group of industries where it has developed domain expertise, including business services, industrial products and services, and health care services. For more information on Trinity Hunt Partners, visit www.trinityhunt.com. For more information on Deposition Solutions, please contact Pete Stein at firstname.lastname@example.org.