Global News
Wilson Allen, a market-leading technology services provider for large law firms and other professional services organizations, and LAC Group, a leading provider of research and intelligence expertise to legal and corporate clients, today announced the merger of their companies.
As a result of the merger, the new company will become a global industry leader providing information and technology services to professional services firms and information-driven enterprises. The combined business will have more than 900 clients, approximately 350 employees, and operations in the US, Canada, the UK and Europe.
LAC Group and Wilson Allen will initially retain their brands while integrating operations and will rebrand the new company in the future. The merged company is partnering with Renovus Capital, a specialist private equity firm, for strategic and capital support.
The business will be led by the combined executive teams of Wilson Allen and LAC Group. LAC Group CEO, Rob Corrao, will become the Chief Executive Officer, and Wilson Allen Chairman & CEO, Bruce Wilson, will become Chairman of the merged company.
This merger brings together two highly experienced, organizations with specialized domain knowledge of the key business functions that drive operational performance”, said Rob Corrao, CEO of the combined company. “Both companies have deep delivery capabilities, backed by operating models and processes that have consistently provided tangible business benefits for our clients. We have exceptionally high customer satisfaction, and unparalleled quality of service.”
“We have a leading position in a sector that is undergoing significant disruption from changing market forces, digital transformation and new business models,” says new company Chairman Bruce Wilson. “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 said his firm has been researching the legal market for some time. “We have been seeking to make a strategic investment in this sector. We have found two companies with market-leading reputations independently verified as providing excellent, value-oriented outcomes for their customers. Both companies have complementary strengths in service delivery and are culturally and operationally aligned to drive growth. We are very focused on making that happen.”
The financial terms of the transaction were not disclosed.
Canaccord Genuity acted as exclusive financial advisor to Wilson Allen on this transaction. JEGI CLARITY served as advisor to Renovus.
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