PNC Riverarch Capital has acquired a controlling interest in LawLogix Group, a provider of software as a service solutions and data migration services to law firms, employers and non-profit organizations.
The transaction included equity investments by PNC Riverarch Capital, Akoya Capital and the LawLogix management team. Dan Siciliano and Brian Taylor, the co-founders of LawLogix, will maintain significant ownership in the company and will remain actively involved in supporting its continued growth.
LawLogix provides electronic I-9 compliance (employee’s identity and legal authorization to accept employment in the United States), E-Verify (an Internet-based system that allows businesses to determine the eligibility of their employees to work in the United States) and immigration case management software to law firms, non-profit organizations, corporations, and universities. LawLogix was founded in 2000 and is headquartered in Phoenix (www.lawlogix.com).
The transaction for PNC Riverarch Capital was led by Michael Hand, managing director; Michael Rost, managing director; Robert Dolan, senior associate; Brian Blake, analyst; and Kyle Baer, analyst. Messrs. Hand, Rost and Dolan will represent PNC Riverarch Capital on the LawLogix Board of Directors.
PNC Riverarch Capital is a middle-market private equity group that invests in privately-held companies headquartered throughout North America. It seeks to invest from $10 million to $50 million per transaction in support of recapitalizations, leveraged and management buyouts, corporate divestitures, and growth financings. Sectors of interest include outsourced services, specialized manufacturing, and value-added distribution. Since 1982, PNC Riverarch and its predecessors have provided over $1 billion in capital to more than 100 companies. The firm is based in Pittsburg (www.riverarchcapital.com). PNC Riverarch Capital is a division of PNC Capital Finance, which is a wholly owned indirect subsidiary of The PNC Financial Services Group (www.pnc.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 1-10-13
