Dallas-based Align Capital Partners has acquired New York-based Counsel Press Inc., a national, tech-enabled legal process outsourcing provider focused on appellate services, from Gladstone Investment Corp, the company announced in October.
Align Capital Partners (ACP) said the acquisition offers a compelling opportunity to partner with the company’s existing management team and support important growth initiatives with the shared vision of building a diversified legal services platform. No financial details were released.
“Since we first met the team at Counsel Press, we’ve been impressed by the Company’s market expertise, operational excellence, and collaborative culture. Counsel Press helps its clients navigate a complicated segment of our legal system by pairing talented industry professionals with unique client-facing technology,” ACP Partner Matt Iodice said in a statement. “As the industry becomes increasingly complex, ACP believes that it is well equipped to help Counsel Press pursue add-on growth initiatives and also support the continued evaluation of the company’s operating resources.”
Founded in 1938, Counsel Press supports attorneys and clients pursuing appeals in courts across all 50 states.
It helps law firms navigate all parts of the appellate filing process including court rules and document preparation, litigation workflow and legal research and writing.
Counsel Press prepares and files more than 8,000 appeals a year while working with more than 2,900 law firms (including 98 of the Am Law 100).
“As Counsel Press looks toward future expansion and evolution, we are thrilled to partner with the ACP team to help accelerate growth,” Counsel Press CEO Scott Thompson said in a statement. “Counsel Press is confident that our consultative approach, subject matter expertise and years of experience provides us with a great foundation to support legal proceedings on a larger scale.”
ACP said that Counsel Press and ACP will pursue continued M&A in the core appellate market, while also looking to expand services offered to its broad customer base across the Am Law 100.
Managing Partner Rob Langley, Operating Partner Joe Eazor, Vice President Matt Bowen and Senior Associate Vijay Senthilkumar worked alongside Iodice on the acquisition, ACP said.
Counsel Press was advised on the transaction by JEGI CLARITY, while ACP was advised by McGuire Woods.
Get on the list.
Dallas Innovates, every day.
Sign up to keep your eye on what’s new and next in Dallas-Fort Worth, every day.
R E A D N E X T
-
Dallas-based Cypress Growth Capital is defying norms in the funding landscape. Not your traditional venture capitalist, this trailblazing firm hit a landmark with its 50th portfolio investment—and fourth major play this year—a $4 million stake in medical records disruptor, ChartSquad. Managing Director Vik Thapar peels back the curtain on the firm's unique model, which fosters rapid growth without diluting entrepreneurial control.
-
In this week’s North Texas deal flow, you’ll also find news about automated payment solutions startup UPAY raising new funds; Fort Worth’s Star Castle Ventures' $5.25M raise; Carlyle Group acquiring a majority stake in Dallas’ Aspen Power Partners; CenterOak Partners selling Wetzel’s Pretzels for $207M; and other deals.
-
The rebrand "marks the start of our next chapter of growth," says Venture Dallas Chair Aaron Pierce. The nonprofit's 2023 summit, backed by JPMorgan Chase and Perot Jain, is set for October 25.
-
A subsidiary of Boston-based Bain Capital Credit is backing the launch of Legacy Corporate Lending, a new asset-based lending company headquartered in Plano that will serve middle market companies that might not be able to readily access traditional forms of lending. “We are excited to establish this well-capitalized platform in partnership with Bain Capital Credit at a time when lending provides an essential solution to many companies,” Legacy Corporate Lending CEO Clark Griffith said in a statement. “We see a significant opportunity to leverage our combined credit investment and industry expertise to provide borrowers with flexible, solutions-oriented capital. We look…
-
At last week's Venture Dallas conference, more than 400 VCs, angel investors, startups, and business leaders gathered for a showcase of North Texas' entrepreneurial and venture ecosystem. Here's a look at the highlights—from Troy Aikman saying "There are no shortcuts" to Alto Founder Will Coleman on the power of doing "the opposite" to Mark Cuban's "ready, fire, aim" approach. “Regions like Texas and Dallas-Fort Worth, we’re the model for the rest of the nation on how to get things done," Ross Perot Jr. said at the conference kickoff.
