American Lawyer Media owners buys Integreon to tap into rising managed services

American Lawyer Media owners buys Integreon to tap into rising managed services

Tremendous growth opportunities in the managed service sector results in the takeover for an undisclosed amount

The private equity firm, which owns American Lawyer Media (ALM) that runs Law.com has bought managed service provider Integreon.

EagleTree Capital acquired Integreon from NewQuest Capital Partners for an undisclosed amount.

Integreon was advised by White & Case, while EagleTree Capital sought the help of Jones Day. The Jones Day team advising on the deal, including related financing, was led by New York-based Andrew Levine, global private equity co-chair, and included associates Katherine Porath (Cleveland), Jenny Chan (New York), and Matthew Petti (Columbus).

Integreon provides litigation, contracting, risk and regulatory services, besides offering cyber incident response support to its clients.

New York-based EagleTree owners cited tremendous growth opportunities for the kind of services that Integreon provides to law firms and corporate legal departments as the biggest reason for the takeover. The deal enables EagleTree to expand its footprint in the burgeoning legal market.

EagleTree has announced that Integreon's operations, management team and personnel will remain in place following the acquisition.

"EagleTree has a long history of investing in companies considered to be best-in-class in their respective industries and helping them accelerate growth, so we are delighted that EagleTree has chosen to partner with us. Integreon will continue to execute on its current strategy, now bolstered by EagleTree's resources and expertise. We have experienced tremendous expansion in recent years and we look forward to working with EagleTree to continue that growth," Bob Rowe, chief executive officer of Integreon, said.

It is the second time in five years that Integreon ownership has changed hands. It was bought by NewQuest Capital from Actis and Livelt Investments in 2016.

Amit Gupta, a partner at NewQuest, which owned Integreon, said: "This has been an incredible journey for us. We are privileged to have worked closely with Bob and his team over the years in successfully repositioning and growing the business. Integreon has established itself as a leading global managed services provider and is well poised to enter its next phase of growth." Integreon is estimated to have added approximately 1,100 employees after NewQuest had bought it.

"We are very excited to partner with Bob and the excellent management team at Integreon. Integreon has built a market leading position over the past 20+ years in the growing outsourced services sector as a result of world class customer service and innovative solutions provided by its talented employee base," EagleTree's managing partner Anup Bagaria and partner Rohan Rai, said in a joint statement, adding that EagleTree would all possible support for Integreon's strategic growth plan both organically and through acquisitions.