MIAMI, FL – (August 26, 2014) Trivest Partners (“Trivest”) announces an investment in Advanced Discovery, Inc. (the “Company”), a leading provider of e-Discovery and document review services for law firms and corporations through its sixteen facilities located across the United States. David Vandygriff, Advanced Discovery’s Chief Executive Officer, along with the Company’s current management team will continue to lead daily operations. The Advanced Discovery transaction represents the fifth platform company investment in Trivest Fund V, a $415 million fund dedicated to investing in Founder/Family-owned businesses.
Formed in 2002, Advanced Discovery is one of the fastest-growing e-Discovery and document review providers serving the North American market today. The company has facilities in 12 major cities and provides services across the EDRM (Electronic Discovery Reference Model) for law firms and corporate legal departments. Trivest’s investment will allow the company to fully develop its national presence and service capabilities through strategic acquisitions and investments in additional personnel, services and technology. “Our market is ripe for consolidation and demands constant innovation,” said David Vandygriff. “We have built a great sales and project support organization and have developed numerous process-enhancing software tools. With access to additional capital through Trivest, we will be able to continue to add talented individuals to our team and expand our technology development to more fully realize our goal of providing efficient, reliable and transparent e-Discovery.”
Vandygriff believes that Trivest is the perfect partner for Advanced Discovery’s next stage of growth. “Our company cultures are well matched, and the leaders at Trivest share our vision. They also have the financial resources and strategic expertise to bolster our needs as we take the company to the next level. Our management, sales and support teams will remain intact so clients will continue to receive the same excellent service while we work to further enhance their experience.”
Forest Wester, partner with Trivest, commented, “We love Advanced Discovery’s passion and dedication to doing the right things for its customers and employees. Their commitment to continuous improvement and unparalleled customer service makes Advanced Discovery a trusted partner to its clients and the kind of business that we know is positioned for long-term success. We look forward to helping the company continue its long track record of growth. Advanced Discovery aligns perfectly with our strategy to partner with growing, founder-owned, middle market businesses.”
About Trivest Partners:
Trivest Partners is a private investment firm that focuses on partnering with founder/family owned businesses in the United States and Canada. Since being founded in 1981, Trivest related entities have completed over 200 transactions, totaling $5.2 billion in value. For additional information, please visit www.trivest.com.