Deposition Solutions, a provider of litigation support services and a portfolio company of Trinity Hunt Partners, has acquired Stratos Legal Records (SLR), the medical records retrieval services division of Stratos Legal.
According to Trinity Hunt, the combination of Deposition Solutions and SLR creates one of the largest medical records retrieval providers serving the legal industry. This is the first add-on acquisition completed by Trinity Hunt for Deposition Solutions since it acquired the company in February 2015.
“As we began to execute our strategic growth plans for Deposition Solutions, we quickly identified Stratos Legal Records as an ideal add-on as the companies’ service offerings complement each other very well,” said Pete Stein, managing partner of Trinity Hunt. “Completing such a significant acquisition within the first six months of our investment gives us strong momentum toward achieving our collective growth objectives.”
The SLR management team will remain in place after the transaction as a division of Deposition Solutions. SLR is headquartered in Houston (www.stratoslegal.com).
Deposition Solutions offers a range of services including transcription reporting, legal video and records retrieval. The company’s services are marketed under the DepoTexas and America First brand names. Deposition Solutions is headquartered in Houston with additional Texas offices in Dallas, Austin, San Antonio, Corpus Christi, Fort Worth, Lufkin and Tyler (www.depotexas.com).
Trinity Hunt invests in companies that have EBITDAs between $3 million and $15 million and have enterprise values between $10 million and $150 million. The firm considers investment opportunities across a range of industries but has a specific interest in industrial products and services, business services and healthcare services. Trinity Hunt is based in Dallas (www.trinityhunt.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 8-26-15