BGL Advises Rennillo in its Merger with Veritext Corporation
January 18 2011
Brown Gibbons Lang & Company (BGL) is pleased to announce the merger of its client, Rennillo Deposition and Discovery (Rennillo), with Veritext Corporation, a portfolio company of private equity firm Investcorp International, Inc.
Rennillo, headquartered in Cleveland, Ohio, provides court reporting, legal videography, subpoena and process services, third-party record retrieval, trial strategy consulting and trial database management and creation to law firms and corporations throughout the United States.
Irene Rennillo, co-founder and President of Rennillo stated, “Rennillo is very excited to have completed this merger with Veritext. We are now part of one of the most nationally recognized and well respected litigation services platforms in the industry, which significantly enhances our ability to offer a broader set of services to our expanding national client base.”
Lou Rennillo, co-founder and Chairman added “BGL’s guidance throughout the entire process and in-depth understanding of the litigation services industry were instrumental in this successful transaction. We couldn’t be more excited for our team and the future of the business.”
The transaction was led by Effram Kaplan from the firm’s Cleveland office.
About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company is a leading independent investment bank serving middle market companies and their owners throughout the U.S. and internationally. BGL’s professionals are experts in mergers & acquisitions, debt & equity placements, financial restructurings and valuations & financial opinions. BGL is the U.S. partner in Global M&A, the world’s leading partnership of independent middle market financial advisory firms focusing on cross-border transactions. For more information, www.bglco.com.
Veritext, headquartered in Florham Park, NJ, provides court-reporting services to law firms, insurance companies, and corporations. Veritext arranges for court reporters to capture testimony given during depositions, primarily in civil litigation and other proceedings. Veritext provides its services through regional offices, a national network of independent contractors, and affiliations with hundreds of court-reporting agencies and individual court reporters.
About Investcorp International
Investcorp is a leading provider and manager of alternative investment products. It has offices in New York, London and Bahrain and is publicly traded on the London Stock Exchange (IVC) and Bahrain Stock Exchange (INVCORP). Investcorp has six lines of business: private equity, hedge funds, real estate, technology investment, Gulf growth capital, and MENA Mezzanine. Founded in 1982, Investcorp has grown to become one of the largest and most diverse alternative investment managers in terms of both product offerings and geography.