Carousel Capital has acquired Huseby, a provider of legal services including court reporting, on site and virtual deposition services, audio file transcription services, and trial preparation services.
Huseby was founded by CEO Scott Huseby in 1989 (then Huseby & Associates) and is headquartered in Charlotte with additional offices in Atlanta, New York, San Francisco, Washington DC and Houston (www.huseby.com).
“From the first meeting we knew Carousel Capital was the right partner for us,” said Mr. Huseby. “Charles Grigg and his team not only bring the capital we need for growth, but also a breadth of experience helping companies like Huseby succeed. And more important, it was clear to me from the beginning that Huseby, Inc. and Carousel Capital share common values.”
Carousel Capital invests in business, consumer and healthcare services companies that are headquartered in the Southeastern United States and have enterprise values of up to $150 million and EBITDA of at least $3 million. The firm, based in Charlotte, was founded in 1996 and is led by managing partners Charles Grigg and Jason Schmidly (www.carouselcapital.com).
Since founding, Huseby has completed 34 acquisitions and mergers of other court reporting firms. “We have been following Huseby’s progress over the past 4 or 5 years and are excited to participate in this next round of growth,” said Mr. Grigg. “Scott Huseby and his team have an impressive track record of acquiring court reporting agencies and creating value for all the stakeholders.”
Global Growth Partners, a Charlotte-based investment bank, was the financial advisor to Huseby.
© 2018 Private Equity Professional | June 6, 2018
