M&A Deal Summary

Ontellus Acquires National Legal Services

On April 5, 2017, Ontellus acquired business services company National Legal Services from NewSpring Capital

Acquisition Highlights
  • This is Ontellus’ 2nd transaction in the Business Services sector.
  • This is Ontellus’ 2nd transaction in the United States.
  • This is Ontellus’ 1st transaction in California.

M&A Deal Summary

Date 2017-04-05
Target National Legal Services
Sector Business Services
Buyer(s) Ontellus
Sellers(s) NewSpring Capital
Deal Type Add-on Acquisition

Target

National Legal Services

Temecula, California, United States
National Legal Services LLC is a provider of outsourced legal, document-retrieval, and document-preparation services. National Legal Services is based in Temecula, California.

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Buyer(S) 1

Buyer

Ontellus

Houston, Texas, United States

Category Company
Founded 1975
Sector Information Services
DESCRIPTION

Ontellus is a technology-enabled record retrieval provider that empowers insurance carriers, self-insured corporations, and law firms to reduce costs, make better-informed decisions, and accelerate claims resolution. Ontellus was established in 1975 and is based in Houston, Texas.


DEAL STATS #
Overall 2 of 11
Sector: Business Services M&A 2 of 8
Type: Add-on Acquisition M&A Deals 2 of 10
State: California M&A 1 of 7
Country: United States M&A 2 of 11
Year: 2017 M&A 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-16 LegalPartners

Houston, Texas, United States

LegalPartners LP is a court reporting and records retrieval company. LegalPartners helps clients get what they need through communication, collaboration, and technology.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-23 RSP & Associates

Temecula, California, United States

RSP & Associates engages in the litigation support field. Company provide legal discovery services and storage solutions to self-insured employers, third-party administrators and insurance companies throughout the State of California.

Buy -

Seller(S) 1

SELLER

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.


DEAL STATS #
Overall 42 of 92
Sector: Business Services M&A 3 of 9
Type: Add-on Acquisition M&A Deals 25 of 52
State: California M&A 1 of 5
Country: United States M&A 41 of 91
Year: 2017 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-22 Community Education Centers

West Caldwell, New Jersey, United States

Community Education Centers is a national provider of rehabilitative services for offenders through reentry and in-custody treatment programs as well as comprehensive management services for county, state, and federal correctional and detention facilities. CEC provides evidence-based programming for residential and non-residential clients through reentry and correctional facilities, in-prison treatment services, and outpatient and day reporting programs.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-10 Eastern Wholesale Fence

Medford, New York, United States

Eastern Wholesale Fence is a manufacturer and distributor of a full range of fence products. Eastern Wholesale Fence produces poly vinyl-chloride (“PVC”), wood, and chain link fence and railing products. Eastern Wholesale Fence was founded in 1971 and is based in Medford, New York.

Buy -