DTI, the largest private U.S. provider of legal process outsourcing
(“LPO”) and managed services, has closed an investment by OMERS Private
Equity (“OPE”), the private equity arm of OMERS. No terms were disclosed.
“We are excited to build upon our strong momentum as the leading
provider of LPO services. We are looking forward to our partnership with
OPE as their large capital base and long-term investment approach make
them an ideal partner for DTI,” said John Davenport, Founder and CEO of
Since its founding in 1998, DTI has grown to be the largest private U.S.
provider of LPO and managed services with 29 offices in the leading U.S.
markets and a presence in nearly 70 cities across the nation, serving
Fortune 500 Corporations and top national law firms. DTI has
demonstrated strong organic growth, which has been supplemented by nine
strategic acquisitions since 2008.
“We believe DTI is the clear leader in the LPO market and we are excited
to partner with John Davenport and his team. DTI is a great addition to
our growing business services portfolio in North America," said Michael
Graham, Country Head USA and Co-Head North America for OPE.
Ira Kleinman, Senior Managing Director at Harvest Partners, said, “We
appreciate the effort by the DTI team since our investment in 2011 and
thank them for a great partnership over the past three years.” Andrew
Schoenthal, Managing Director at Harvest Partners, added, “DTI
methodically executed the organic growth and tuck-in acquisition
strategy we jointly developed. The business is well positioned for
continued strong growth and market share gains in the multi-billion
dollar LPO industry.”
Headquartered in Atlanta, GA, DTI is the #1 private U.S. provider of
legal process outsourcing (“LPO”) and managed services. DTI serves
3,000+ clients, including Fortune 500 corporations and top national law
firms through a technology-enabled, fully integrated solution offering
that includes legal, compliance and professional LPO services. For
corporations, DTI provides legal support functions such as electronic
discovery, managed review, legal research, contract review and risk and
compliance services. For law firms, the Company’s services include
computer forensics, data acquisition, electronic discovery, managed
review and a variety of middle and back office support functions. DTI’s
service offerings deliver significant value through cost reductions,
increased efficiency and improved outcomes.
About OMERS Private Equity and OMERS:
OMERS Private Equity manages the private equity activities of OMERS and
has over CAD$7 billion of investments under management. OPE is
headquartered in Toronto, Canada, with offices in London and New York.
For further information visit: www.omerspe.com.
OMERS is one of Canada's largest pension funds with over CAD$65 billion
in net assets. It provides first-class pension administration and
innovative products and services to over 440,000 members. Approximately
one in every 20 employees working in the province of Ontario is an OMERS
member. Through the OMERS Worldwide brand, OMERS uses a direct drive,
active investment strategy to invest in public and private market
assets, including publicly-traded equities, fixed-income,
infrastructure, private equity and real estate. For more information,
please visit www.omers.com,
About Harvest Partners:
Founded in 1981, Harvest Partners, LP is a leading New York-based
private equity investment firm pursuing management buyouts and
recapitalizations of middle market companies in North America. Harvest
focuses on acquiring profitable companies in the industrial and energy
services, manufacturing and distribution, consumer and business
services, and healthcare services sectors. This strategy leverages
Harvest’s over 30 years of experience in financing organic and
acquisition-oriented growth companies. For more information, please
Chris Henderson, 770-390-2704
OMERS Private Equity
Neil Hrab, 416-369-2418
Harvest Partners, LP
Andrew Schoenthal, 212-599-6300
Source: Harvest Partners, LP