Both companies are known for providing exceptional service to their customers. Financial terms of the transaction, which is expected to close in the fourth quarter, were not disclosed. For more information about Magna, see NEW YORK & PHILADELPHIA–(BUSINESS WIRE)–Odyssey Investment Partners, LLC (“Odyssey”), a growth-oriented mid-market private equity firm, today announced that it has signed an agreement to acquire Magna Legal Services (“Magna”), a provider of litigation support services, from CIVC Partners, LP (“CIVC”). Founded in 2007, Magna has established itself over the past 11 years as one of the industry`s leading providers of process support services. The firm assists clients at all stages of litigation, including court reporter, jury evaluation and counseling, translation, video, graphic design and recording retrieval services. Magna provides litigation assistance to more than 2,000 law firms and corporations in the United States. Founded in 2009, KTA has established itself over the past decade as one of the largest independent providers of court reporter and case recovery services in Texas. KTA is a leading provider of court filing and retrieval services to approximately 1,500 law firms and businesses. We look forward to working with Bob Ackerman, Mark Calzaretta, Peter Hecht and Jon Ackerman to help the company accelerate its organic growth and pursue strategic acquisitions.” Doug Potters, Director at CIVC, added: “Magna is a tremendous investment opportunity for CIVC and fits perfectly with our experience investing in growing business services companies operating in highly fragmented industries and benefiting from strong outsourcing trends. Scott Schwartz, Partner at CIVC, commented, “Magna is a leader in a highly attractive industry characterized by recurring revenues, limited cyclicality and a fragmented base of smaller competitors. The firm provides court reporter, jury evaluation and consultation services in translation, video, graphic design and recording retrieval, enabling organizations and clients to provide support services at every stage of their litigation. Providers of litigation support services to law firms, corporations and government agencies in Philadelphia, Pennsylvania. Other representative investments in outsourced commercial services include KPA (compliance services provider), Yellowstone Landscape (commercial landscaping service provider), Magnate Worldwide (low-asset logistics service provider) and GPRS (private location services provider). For more information on CIVC partners and portfolio companies, please visit The partnership with Magna builds on CIVC`s experience in investing in the outsourced business services sector. Since 1989, the team has invested $1.6 billion in 62 platform companies and currently invests from CIVC Partners Fund V. CIVC Partners is a Chicago-based private equity firm that invests in high-growth mid-market companies in business and financial services. (“CIVC”), a Chicago-based mid-market private equity firm focused on investments in the business and financial services sectors, is pleased to announce the Company`s investment in Magna Legal Services (“Magna” or the “Company”) in partnership with the management team. 05, 2018 (GLOBE NEWSWIRE) - CIVC Partners, L.P. Over the past decade, the company has expanded its service offering and established itself as a major player in court reporter and deposition technology. Barkley was founded in 1972 with a mission to give lawyers anytime, anywhere access to like-minded court reporters. Barkley is a leading provider of court reporter and filing technology services for law firms and corporations.
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