Silver Oak Services Partners has recapitalized Arlington, Virginia-based Innovative Discovery, a provider of technology-driven eDiscovery solutions. No financial terms were disclosed for the transaction that was done in partnership with ID management.
Evanston, IL, August 13, 2018 – Silver Oak Services Partners, LLC (“Silver Oak”), a lower middle market private equity firm focused exclusively on service businesses, announced today that it has partnered with management in an investment in Innovative Discovery (“ID” or the “Company”).
Founded in 2005 and headquartered in Arlington, VA, ID is a leading provider of technology driven eDiscovery solutions. The Company provides forensics, electronic data discovery, hosting, project management, production and managed review services to corporations, government entities and law firms in the U.S. and abroad.
“This is an exciting opportunity for Innovative Discovery to enhance our position as a market-leading eDiscovery company providing the highest quality service and offering a broad suite of innovative solutions to our clients. Equally important, our partnership with Silver Oak has enabled us to get a considerable amount of equity into the hands of our management team. We are pleased to partner with Silver Oak to support our team in accelerating growth,” said Allen Outlaw, founder and CEO of Innovative Discovery.
Silver Oak was attracted to the eDiscovery sector given the proliferation of electronically stored information and heightened complexity of the regulatory and compliance environment driving growth in demand for eDiscovery services. Greg Barr, Managing Partner at Silver Oak, said, “We are excited to partner with the team at ID. The Company has developed a strong reputation as a high-quality provider of end-to-end eDiscovery solutions, and we look forward to working with them to execute their growth strategy.”
Please contact Greg Barr or Andrew James of Silver Oak for additional information.
Silver Oak invests in business, consumer and healthcare services companies in the lower middle market, typically with EBITDA of $4 million to $20 million