Marks Baughan & Co. today announced its role as exclusive financial advisor to Alexander Gallo Holdings, LLC on the acquisition of a significant equity stake by Accel-KKR. Alexander Gallo Holdings is a privately-held court reporting and litigation support services company headquartered in Atlanta, Georgia. The equity stake was purchased as part of Alexander Gallo Holdings’ acquisition of The Hobart West Group, a major industry peer, in a transaction substantially funded by Accel-KKR. Financial terms were not disclosed.
“The Marks Baughan team has vast experience in the legal technology sector and did a tremendous job for us in this industry-changing transaction” said Alex Gallo, the Company’s founder, President and Chief Executive Officer. “Marks Baughan not only provided independent advice with respect to our financing options, but in an extremely challenging environment, Marks Baughan sourced and negotiated financing that provides the Company with a flexible capital structure to support our continued growth.”
The acquisition of The Hobart West Group positions Alexander Gallo Holdings, a technology-enabled enterprise with a highly scalable proprietary platform, as the largest company in its space. The combined company offers law firms and corporate customers a national platform with local reach and unparalleled litigation support services. At the same time, the transaction provides Alexander Gallo Holdings with the scale and resources to accelerate its growth organically and through further acquisitions.
Under the terms of the transaction, Alex Gallo, the company’s founder, will continue to lead the organization in his ongoing role as President and Chief Executive Officer, and his current management team will remain unchanged.
For more information on this transaction, please contact:
Nick Baughan
Managing Member
610.616.3294
nbaughan@marbau.com
Bill Takeuchi
Director
610.616.3296
takeuchi@marbau.com
Chris Rose
Analyst
610.616.3298
crose@marbau.com
About Accel-KKR
Accel-KKR is a technology-focused private equity firm with over $1 billion in assets under management. The firm invests primarily in technology-enabled businesses well positioned for top-line and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value through the significant resources available through the Accel-KKR network. Accel-KKR has a particular focus on buyouts and recapitalizations of family-owned or closely-held private companies, divisional buyouts of larger companies, and going-private transactions. For more information, please visit www.accel-kkr.com.
About Alexander Gallo Holdings, LLC
Based in Atlanta, Alexander Gallo Holdings is the one of the leading privately-held court reporting and litigation services companies worldwide. With the largest base of court reporters in the United States, Alexander Gallo Holdings has more experience in the court reporting and litigation support service industry than any other company, offering court reporting, legal video, trial presentation and staffing professionals from coast to coast. This expertise, coupled with the company’s entrepreneurial spirit and focus on superior client service, has helped the company provide quality litigation support services to clients since 1999.
Subsidiaries of Alexander Gallo Holdings include: Associated Reporters, Brown & Gallo, Jack Daniel Court Reporting & Video Services, LRI, Paulson Reporting & Litigation Services, and Tankoos Reporting, all providing court reporting services; and SetDepo, a national referral network for court reporting, videography, and conference rooms.
About Marks Baughan & Co.
Marks Baughan & Co. provides investment banking services to growth companies in the Financial Technology and Information Management sectors. Our narrow focus and deep expertise and relationships in these two verticals provide our clients with top-quality results driven by an efficient process. Started in 2004 by two former senior members of the Credit Suisse First Boston Technology Group, Marks Baughan & Co. has established itself as one of the most successful of the new boutique investment banks by combining bulge-bracket expertise with boutique service. Our clients range from public companies with multi-billion dollar market caps to private companies with $10 million in revenues. We deliver results for clients: advising on sales of entire companies and divisions, acquisitions, private placements of equity and debt securities, or strategic advisory services for CEOs and CFOs on public offerings, M&A plans, or investor positioning.