Veronis Suhler Stevenson has sold DOAR, a trial strategy consulting firm, back to shareholders, including company management. The firm first invested in DOAR in 2005. Paul Neale, DOAR’s chief executive officer, is the lead investor in the buyback. Other managers involved in the buyout include Scott Allen, Michael Ferrara and Gene Klimov.
Trial strategy consulting firm DOAR announced today that the company’s shareholders have bought back private equity firm Veronis Suhler Stevenson’s stake in the company.
DOAR provides trial strategy consulting and related services for individuals, law firms and corporations involved in high stakes civil, regulatory and white collar criminal litigation. The initial investment by Veronis Suhler Stevenson (VSS) occurred in 2005 with additional investments used to fund growth through the addition of new lines of business and acquisitions.
“VSS has been a terrific partner over the past 9 years. I appreciate their support and commitment to the company’s mission,” said Paul Neale, DOAR’s CEO and the lead investor in the management buyout.
“I am thrilled by the opportunity to have a bigger stake in our future and to work with my partners and our employees to make DOAR the dominant player in the trial consulting market.”
“Transitioning back to a private ownership structure allows us the freedom to implement the strategies that will take the firm to the next level,” continued Neale. Accelerating the growth of DOAR’s trial consulting practice through the acquisition of new talent and businesses is the primary focus for the company.
Other management members involved in the buyout are Scott Allen, Michael Ferrara and Gene Klimov. The terms of the transaction are not being disclosed.
DOAR, the nation’s preeminent trial strategy consulting firm, assists clients involved in high stakes civil and criminal cases through proven research methodologies, effective communication strategies and innovative technological solutions. For over 25 years, DOAR has been on the cutting edge of the trial consulting industry and considered the only firm that can take on the largest, most complex and high risk cases. The company’s passion, innovation and dedication in support of its clients are unparalleled. For more information, visit www.DOAR.com.