investigative services

Trinity Hunt Partners has acquired Veracity Research Company, a provider of outsourced investigative services.

Veracity Research Company (VRC) specializes in insurance and corporate defense investigations, surveillance, social media checks, hospital canvass, compliance, claims investigations, training and consultations. The company’s customers include insurance carriers, third party administrators, and self-insured corporations. VRC was founded in 1995 by CEO Marcus Doyle and President Lance Foster and is headquartered near Dallas in Denton, TX (www.vrcinvestigations.com).

Trinity Hunt is partnering with Messrs. Doyle and Foster in this transaction and they remain significant shareholders of VRC. “The Trinity Hunt team will serve as a key partner in our continued growth. Their significant resources will enable us to expand our reach and capabilities,” said Mr. Doyle.

Dallas-based Trinity Hunt invests in founder and family-owned companies that have EBITDAs between $5 million and $25 million. Sectors of interest include business-to-business services, niche manufacturing, industrial services, non-cyclical consumer and healthcare services. Trinity Hunt’s fourth fund, Trinity Hunt Partners IV LP, closed in December 2013 with $211 million in capital commitments. The firm is actively raising its fifth fund with a target of $300 million (www.trinityhunt.com).

“We are excited to partner with Marcus, Lance, and the dedicated management team at VRC,” said Pete Stein, Managing Partner at Trinity Hunt. “They have built an exceptional company through strong customer relationships and a commitment to customer service unmatched in the investigative services industry. We intend to build upon these core fundamentals to become the premier investigative services provider nationwide.”

“Trinity Hunt’s proven approach to value creation through partnership was a key factor in our decision to enter this relationship,” said Mr. Foster.

© 2018 Private Equity Professional | August 23, 2018

Boston-based WestView Capital Partners has made an investment in Mintz Group, a provider of investigation services.

Mintz Group provides a range of risk mitigation services focused on due diligence, litigation and anti-corruption investigations. Customers include corporate decision makers, litigators, financial institutions, executive search professionals and non-profit groups. Since founding in 1994, the company has conducted over 10,000 investigations in more than 100 countries.  Mintz Group is headquartered in New York City and has offices in Washington, DC; San Francisco, Chicago, Dallas, Miami, London, Hong Kong, Beijing, Nairobi, San José and São Paulo (www.mintzgroup.com).

“We are excited to be partnering with Mintz Group’s management team, which has built a global leader in investigations with an outstanding reputation,” said Rick Williams, Managing Partner at WestView.  “Mintz Group has demonstrated a strong track record of growth and performance over many years, and we look forward to supporting further growth going forward.”

“We have established our global position by providing our clients with a clear and detailed view of the facts,” said Jim Mintz, Founder and President of Mintz Group. “Our partnership with WestView enables us to pursue our next stage of growth and continue to provide the highest quality services to our clients. In addition, we look forward to benefiting from WestView’s longstanding experience working with high growth companies in the business services sector.”

WestView Capital Partners makes majority and minority investments of $10 million to $50 million in lower middle market growth companies.  Sectors of interest include healthcare services, business and technology services, software, industrial/manufacturing, and consumer/retail.  Target companies will have operating profits between $3 million and $20 million.  WestView manages approximately $1 billion in capital across three funds and is headquartered in Boston (www.wvcapital.com).

“Our investment in Mintz Group continues WestView’s strategy of backing strong management teams with deep sector experience and relationships,” said Tom Reardon, General Partner at WestView.  “The company has some exciting opportunities ahead and is well-positioned to capitalize on those.”

GLC Advisors & Co. and Hogan Lovells advised Mintz Group on the transaction. WestView was advised by Latham & Watkins. Senior debt financing was provided by Abacus Finance Group.

© 2015 PEPD • Private Equity’s Leading News Magazine • 1-29-15