Arcapita Group Holdings Limited Acquires Majority Stake in Trustpoint.One
In a bold move, Arcapita Group Holdings Limited has announced the successful completion of the acquisition of a majority stake in Trustpoint.One. This leading provider of tech-enabled legal services to law firms and corporate clients in the United States is headquartered in Atlanta, Georgia.
Valued at over $400 billion, the US legal services market is witnessing a surge in demand for alternative legal service providers (ALSPs) due to the increasing litigation volumes and the necessity for technology-driven solutions.
Historically, litigation has remained unaffected by GDP growth and is somewhat shielded from macroeconomic trends. ALSPs play a crucial role in the modern litigation landscape by offering significant cost and time savings, enabling law firms to concentrate on higher value-add activities such as building case strategies.
With projections indicating stable growth, the market is being propelled by escalating regulatory complexity and data volumes.
Trustpoint provides a wide array of legal services, including eDiscovery, managed review, legal staffing, and cyber security solutions.
Serving a diverse range of clients, including top 100 law firms and various Fortune 500 companies, Trustpoint boasts a scalable business model, robust technology platform, and high client retention, positioning itself for sustained growth in a rapidly evolving legal services market.
Hisham A. Al Raee, CEO of Arcapita, expressed, “This acquisition demonstrates Arcapita’s dedication to investing in recession-resilient sectors with strong fundamentals. The investment in Trustpoint is a part of our broader global essential business services strategy and builds on Arcapita’s impressive track record.”
Neil Carter, Managing Director of US Private Equity at Arcapita, added, “Trustpoint’s position as a leading alternative legal services provider, along with its strong client relationships and scalable platform, aligns well with our investment philosophy. The legal services industry is rapidly evolving, and Trustpoint is leading this transformation with its technology-driven solutions.”
Mark Hawn, Founder and Chairman of Trustpoint, stated, “This partnership with Arcapita marks a significant milestone in Trustpoint’s journey. Over the years, we have developed a leading platform that provides crucial legal services through innovation and expertise. With Arcapita’s global network and strategic insights, we are well-equipped to accelerate our growth and expand our service offerings.”
Chris Gallagher, CEO of Trustpoint, remarked, “We are excited to team up with Arcapita as we enter this new phase of growth. Arcapita’s extensive experience in scaling business services companies and commitment to value creation make it the perfect partner for Trustpoint and our seasoned leadership team.”
