HaystackID, a specialized eDiscovery services firm that helps corporations and law firms find, listen to, and learn from data when they face complex, data-intensive investigations and litigation, today announced the completion of a strategic recapitalization of the company by Quad-C Management, Inc., a leading middle market private equity firm.
The transaction marks a transition from founding management and Knox Capital Holdings, LLC ("Knox"), supported by investment from ORIX Private Equity Solutions, Baird Principal Group and Maranon Capital. Knox, select company founders and Baird Principal Group will retain a minority stake in the company going forward.
Founded in 2011 and based in Washington, D.C., HaystackID is a leading provider of specialized eDiscovery services. The company provides global support for computer forensics, eDiscovery, and attorney document reviews with integrated and organic offerings delivered under the Forensics First, Early Case Insight, and ReviewRight services lines. Built through a combination of organic development coupled with the recent strategic acquisitions of Inspired Review, Envision Discovery, and eTERA Consulting, HaystackID's executive management team, led by CEO Hal Brooks, will continue to lead the company as it begins its next stage of expansion.
"We are tremendously excited to partner with Quad-C given its successful track record of investing in the legal discovery services market and its alignment with our culture and strategic growth plan," shared Hal Brooks, CEO of HaystackID. "Our shared vision on how we can invest both organically and through acquisitions will allow us to continue to accelerate the already rapid growth of the company by expanding the depth, breadth, and reach of our data and legal discovery services. We truly look forward to working with the Quad-C team to meet the opportunity and needs of our rapidly expanding customer base."
"HaystackID has quickly become one of the leaders in delivering quality litigation support services under extreme deadlines to meet the needs of its customers regardless of their location or language," said Jack Walker, Principal, Quad-C. "The Company's remote review platform, ReviewRight, is unique in the marketplace and allows HaystackID to deliver an unmatched level of service to its customers."
"Hal Brooks and his team have done a remarkable job growing the HaystackID platform over the past few years," added Tim Billings, Partner, Quad-C. "We are excited to partner with management as we together begin the next stage of the company's growth with additional investments in infrastructure, people, and acquisitions, both domestically and internationally."
"We are exceptionally pleased with the growth of HaystackID and delighted to continue our support and investment in Hal Brooks and his team as they continue to focus on addressing customer needs with superior services," shared HaystackID Board Member Mike Bryant, Partner at Knox Capital. "We are also thrilled to work with Quad-C and look forward to benefiting from their deep industry and investment expertise as we seek to quicken HaystackID's growth pace and expand its growth path."
Terms of the investment were not disclosed.
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