M&A Deal Summary

Epiq Acquires Poorman-Douglas

On January 30, 2004, Epiq acquired business services company Poorman-Douglas from Endeavour Capital and Symmetric Capital for 115M USD

Acquisition Highlights
  • This is Epiq’s 1st transaction in the Business Services sector.
  • This is Epiq’s 5th largest (disclosed) transaction.
  • This is Epiq’s 2nd transaction in the United States.
  • This is Epiq’s 2nd transaction in Oregon.

M&A Deal Summary

Date 2004-01-30
Target Poorman-Douglas
Sector Business Services
Buyer(s) Epiq
Sellers(s) Endeavour Capital
Symmetric Capital
Deal Type Add-on Acquisition
Deal Value 115M USD

Target

Poorman-Douglas

Beaverton, Oregon, United States
Poorman-Douglas Corporation provided outsourced processing services that supported large class action lawsuits and bankruptcy cases nationwide. The company also provided specialized printing and mailing services to governments, financial institutions and private industry.

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Buyer(S) 1

Buyer

Epiq

New York, New York, United States

Category Company
Founded 1988
Sector Information Technology
Employees1,300
Revenue 544M USD (2015)
DESCRIPTION

Epiq is a provider of integrated technology and services for the legal profession, including eDiscovery, managed services, bankruptcy, class action and mass tort administration, federal regulatory actions and data breach responses. Epic's solutions are designed to streamline the administration of litigation, investigations, financial transactions, regulatory compliance and other legal matters. Epiq was founded in 1988 and is based in New York, New York.


DEAL STATS #
Overall 2 of 15
Sector (Business Services) 1 of 9
Type (Add-on Acquisition) 2 of 12
State (Oregon) 2 of 2
Country (United States) 2 of 13
Year (2004) 2 of 2
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-30 Epiq Class Action & Claims Solutions

Beaverton, Oregon, United States

Buy $115M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-15 nMatrix

New York, New York, United States

nMatrix, Inc., a leading electronic discovery products and services provider.

Buy $125M

Seller(S) 2

SELLER

Endeavour Capital

Portland, Oregon, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 925M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Endeavour Capital LLC is a private equity firm that targets service and manufacturing companies headquartered in the Western United States. Endeavour looks to invest with and an enterprise value of $25 -$250 million with an EBITDA of $5-$50 million. Prospective companies are generally profitable with at least $5 million of EBITDA. Supported investment situations include growth capital financings, industry consolidations, management acquisitions, recapitalizations, and ownership transfers. The firm invests in the range of $25-$150 million per transaction. Areas Endeavour will not invest include real estate and emerging technology. Endeavour Capital was formed in 1991 and is based in Portland, Oregon with additional offices in Seattle, Washington, and Los Angeles, California.


DEAL STATS #
Overall 3 of 33
Sector (Business Services) 1 of 3
Type (Add-on Acquisition) 2 of 15
State (Oregon) 2 of 7
Country (United States) 3 of 32
Year (2004) 1 of 2
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 SpeeCo

Golden, Colorado, United States

SpeeCo, Inc. manufactures and supplies log splitters, post-hole diggers, tractor three-point linkage parts and equipment, and farm accessories for tractor manufacturers, implement dealers, and farm equipment retailers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-03-01 Bi-Mart

Eugene, Oregon, United States

Bi-Mart Corporation is one of the pioneers of membership discount shopping in the Northwest. The company operates a discount retail chain of over 70 drug and general merchandise stores in Oregon, Washington and Idaho.

Sell $94M
SELLER

Symmetric Capital

Burlington, Massachusetts, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 202M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Symmetric Capital is a private equity firm that invests in profitable growth companies in the US and Canada. Symmetric seeks to invest $5 to $25 million to help fund shareholder liquidity needs, growth, acquisitions, or debt reduction. Symmetric will consider majority or minority positions and typically looks for market-leading companies owned by their founders, a family, or small partnership. Sectors of interest include business services, healthcare and life sciences, software, IT services, applied technology, industrial products, education, logistics and distribution, and consumer products. Symmetric was formed in 2007 and is based in Waltham, Massachusetts.


DEAL STATS #
Overall 3 of 14
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 3 of 11
State (Oregon) 1 of 1
Country (United States) 3 of 13
Year (2004) 1 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-06-18 The Galtney Group

Houston, Texas, United States

The Galtney Group is an insurance and reinsurance broker and advisor that specializes in medical malpractice and professional liability insurance policies for medical professionals.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-07-21 Hemophilia Resources of America

Fairfield, New Jersey, United States

Hemophilia Resources of America, Inc. provides coagulation products used for self-infusion and related services for the treatment and management of hemophilia.

Sell -