Legal and Professional Intell Specialists Merge

In the US, private equity firm Renovus Capital has acquired research, intelligence and information management provider LAC Group, which will now be merged with tech services specialist Wilson Allen. Both are focused on the legal and professional services sectors.

With headquarters in Los Angeles, LAC Group works for clients including major law firms, corporations, media and entertainment companies throughout the US and Canada, delivering insights and managing information resources to help them compete and scale their operations.

The resulting company will have more than 900 clients, and around 350 employees at locations in the US, Canada, the UK and Europe. LAC Group and Wilson Allen will retain their brands for the time being, while integrating operations, leaving the choice of a new brand for the combined operation for the future; and Renovus will provide strategic and capital support. Information and intelligence sector M&A experts JEGI Clarity served as advisors on both transactions, while Canaccord Genuity acted as exclusive financial advisor to Wilson Allen.

LAC Group CEO Rob Corrao will assume the Chief Exec's role in the combined firm while Wilson Allen Chairman & CEO Bruce Wilson (pictured) will serve as its Chairman. According to Corrao, 'Both companies have deep delivery capabilities, backed by operating models and processes that have consistently provided tangible business benefits for our clients'. Wilson comments: 'By combining the research and intelligence knowledge of LAC Group with the specialist technology services of Wilson Allen, we can deliver new data- and tech-enabled services that will help professional services firms improve business performance and assist them in serving their customers better'.

Renovus founding partner Jesse Serventi says firm has been researching the legal market 'for some time', with the aim of making a strategic investment in the sector, and has found 'two companies with market-leading reputations... and complementary strengths in service delivery'.

Financial terms of the transaction were not disclosed.

Web sites: www.lac-group.com and www.wilsonallen.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.