Millnet acquires four US offices from Consilio following management buyout

Global News

21
Mar
2024

Editor

Millnet, a leading British document and data processing business with sites in London and Manchester, has acquired four US paper offices from Consilio, the global leader in legal technology solutions and enterprise legal services. The paper offices are in New York, Washington D.C., Minneapolis, and San Diego and are staffed by 46 people who will join the Millnet business.

Consilio continues operating its core offices in New York and Washington, D.C.

Consilio’s paper offices were acquired in a deal which will enable Millnet to expand its geographical footprint. This deal follows the management buyout of Millnet in the UK from Consilio in February 2024.

Millnet operates from sites in London and Manchester in the UK, where it employs 37 people, and provides document, data management and processing services to clients in the professional services sector. The acquisition of the four US paper offices will more than double the existing turnover of the business and serve as a springboard for further expansion in the US and North America.

Steve Chadd, Managing Director of Millnet, comments: “The acquisition of four of Consilio’s US paper offices marks the latest stage of the expansion of the business following the management buyout which we completed last month. Our clients increasingly have an international presence and demand a single global solution to their document services needs. The acquisition of these US paper offices from Consilio enables us to provide cross border solutions while offering in-region expertise.”

“Following the management buyout, and this latest acquisition, the business is ideally positioned for further growth.  We will be looking to grow organically and via further acquisitions, which will help to position Millnet for long-term success.”