24 Jun 2021

Law.com's owner bets on rising managed services demand with acquisition of Integreon

EagleTree Capital extends reach into legal market citing 'tremendous growth opportunities'

New York, New York, USA skyline.

Shutterstock; Sean Pavone

Law.com’s owner, EagleTree Capital, has acquired Integreon from NewQuest Capital Partners, citing ‘tremendous growth opportunities’ for the type of managed services Integreon provides to its law firm and corporate legal department clients.

The deal sees the New York private equity firm expand its footprint in the legal market – its long-association with Law.com’s owner ALM Media reaches back to 1997, when predecessor company Wasserstein & Co acquired The American Lawyer.

Integreon, which was advised by White & Case, offers litigation, contracting, risk and regulatory services, as well as cyber incident response support. EagleTree, which turned to longstanding advisers Jones Day, said Integreon’s operations, management team and personnel will remain in place following the acquisition. The terms of the deal were not disclosed.

Bob Rowe, chief executive officer of Integreon, said: “EagleTree has a long history of investing in companies considered to be best-in-class in their respective industries and helping them accelerate growth, so we are delighted that EagleTree has chosen to partner with us. Integreon will continue to execute on its current strategy, now bolstered by EagleTree’s resources and expertise. We have experienced tremendous expansion in recent years and we look forward to working with EagleTree to continue that growth.”

NewQuest Capital bought Integreon in 2016 from Actis and LiveIt Investments for an undisclosed fee.

Amit Gupta, a partner at NewQuest, said: “This has been an incredible journey for us. We are privileged to have worked closely with Bob and his team over the years in successfully repositioning and growing the business. Integreon has established itself as a leading global managed services provider and is well poised to enter its next phase of growth.”

During the NewQuest era, Integreon added roughly 1,100 employees, expanding its global workforce to around 3,500, Artificial Lawyer reported.

In a joint statement, EagleTree’s managing partner Anup Bagaria and partner Rohan Rai, said: “We are very excited to partner with Bob and the excellent management team at Integreon. Integreon has built a market leading position over the past 20+ years in the growing outsourced services sector as a result of world class customer service and innovative solutions provided by its talented employee base.” 

The EagleTree duo said they will support Integreon’s strategic growth plan both organically and through acquisitions. 

The Jones Day team advising on the deal, which included related financing, was led by New York-based Andrew Levine, global private equity co-chair, and included associates Katherine Porath (Cleveland), Jenny Chan (New York), and Matthew Petti (Columbus).