Windjammer Capital Investors has acquired Compex, a provider of outsourced medical records retrieval and litigation support services. No financial terms were disclosed.
February 11, 2020 — Windjammer Capital Investors (“Windjammer”) is pleased to announce the acquisition of Compex Legal Services, Inc. (“Compex” or the “Company”) in partnership with management. Terms of the transaction were not disclosed.
Compex is a leading, tech-enabled provider of outsourced medical records retrieval and litigation support services nationally. Founded in 1972, Compex has a track-record of providing high quality service, fast turnaround times and proven scalability to a blue-chip customer base including insurance carriers, third party administrators and law firms.
Compex leverages deep industry knowledge and investments in technology to deliver client specific solutions while navigating myriad jurisdictional process requirements. Services include medical records retrieval, records summarization, multi-plaintiff litigation support, subpoena delivery and deposition reporting that are fully compliant with local, state and national requirements as well as customer specific process workflows and technology integrations.
“Several years ago, we identified Compex as an established market leader in an attractive niche within the outsourced litigation support services space. We are thrilled to partner with the management team to execute on its next phase of growth,” said Ryan Pertz, Principal at Windjammer. “The Company’s national scale and recent implementation of its next generation workflow technology make Compex attractively positioned for growth, both organically and through acquisition.”
Arvind Korde, CEO of Compex, said,”Compex has established itself as a clear leader in the medical records retrieval industry. Windjammer has a great track record in helping companies grow with strategic guidance, technology investments and complementary acquisitions. We are very excited to partner with Windjammer to help us broaden our reach, and significantly enhance our product and service offerings for the benefit of our customers.”
“Compex has a deep understanding of its customers’ needs which is reflected in its investment in technology, consistently high levels of customer service, and long-tenured customers. The company is a great fit for Windjammer and its strategy of investing in niche market leaders with mission critical products and services,” said Jeff Miehe, Managing Principal at Windjammer. “We look forward to working closely with the Compex team to capitalize on its multiple growth opportunities.” Compex is the third investment from Windjammer’s $870 million Senior Equity Fund V, L.P.
More information on Compex and its suite of services can be found at www.compexlegal.com.
Windjammer Capital is a national private equity investment firm, based in Newport Beach, CA and Waltham, MA that invests control equity in middle-market businesses and in partnership with management. Since its founding in 1990, Windjammer has managed over $2 billion of committed capital with respect to its control equity investment strategy, and has completed over 50 platform investments and more than 100 strategic add-ons. The firm targets investments in companies that are leaders in attractive niche markets and share several of the following characteristics: significant and defensible market positions; differentiated products and services; strong management teams; scalable business models; identifiable growth opportunities; and consistent financial performance.