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a360inc’s Acquires ProVest
- By: ALFN
- On: 08/01/2024 09:33:54
- In: Member Update
a360inc's Investor Group Acquires ProVest in Continued Execution of Creditors' Rights Platform Expansion
July 31, 2024 | San Antonio, TX a360inc, a leading technology solutions provider to law firms, title agencies, mortgage lenders and investors, announced the acquisition of Tampa-based ProVest, a market-leading service of process and litigation information services provider to the creditors' rights legal industry. As part of the transaction, investment funds managed by Morgan Stanley Investment Management (MSIM), Knox Capital, and Nonantum Capital Partners made a strategic investment in a360inc. This combination is set to drive unprecedented innovation and enhance service offerings, positioning a360inc at the forefront of advancements in an industry set to benefit from technology transformation.
Founded in 1991, ProVest is one of the largest legal support services firms, offering specialized expertise in managing service of process and other creditors' rights for major law firms, financial institutions, and insurance companies.
a360inc CEO, Scott Brinkley, commented, “The combination of these two solution providers creates an unparalleled platform that delivers advanced case management system technologies and litigation solutions to the creditors' rights ecosystem nationwide. As a360inc and ProVest have evolved, our dedication to expanding solutions to meet our clients' needs has remained paramount. This move continues in that tradition – and I know both management teams are excited to partner and innovate on behalf of our collective valued clients and business partners.”
ProVest President, Jim Ward added, “We are thrilled to join forces with a360inc and create a powerhouse of service excellence by marrying ProVest's extensive experience and national coverage with a360inc's state-of-the-art technology capabilities. Our shared vision of providing superior support and building lasting relationships with our clients set the stage for offering more efficient, reliable, and scalable solutions, thereby enhancing the value we provide to our customers.“ The combination is a milestone for both a360inc and ProVest and represents innovation for the creditors' rights industry, setting new standards for productivity through the proper implementation and utilization of technology-driven solutions for creditors' rights law firms, mortgage lenders and servicers, and the business partner community that supports them.
About a360inc
a360inc is a leading technology solutions provider dedicated to the legal and financial services industries. With a focus on innovation and customer service, a360inc offers a range of products and services designed to improve efficiency, accuracy, and business outcomes for its clients. Learn more about a360inc and its suite of products and services online at www.a360inc.com.
About ProVest
ProVest plays a critical role in the legal process by ensuring that defendants in a legal action have been properly served process. The Company specializes in managing the service of process related to creditors' rights and mortgage defaults. Today, ProVest annually serves millions of documents for the country's most notable law firms, financial institutions and insurance companies. Learn more at www.provest.com.
About Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 1,300 investment professionals around the world and $1.5 trillion in assets under management or supervision as of March 31, 2024. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service, and a comprehensive suite of investment management solutions to a diverse client base which includes governments, institutions, corporations and individuals worldwide. For further information about Morgan Stanley Investment Management, please visit www.morganstanley.com/im.
About Knox Capital
Founded in 2013, Knox Capital was created to provide capital and hands-on operating resources for founder and entrepreneur-owned middle market businesses. Knox operates under flexible investment horizons through private investors focused on the long-term. By utilizing our extensive executive and operating advisor network, Knox makes tailored investments across industries in partnership with owners and management. Knox Capital is headquartered in Chicago, IL. Learn more at www.knox-cap.com.
About Nonantum Capital Partners
Founded in 2018 by a team of experienced private equity and management executives as a spin-out from Charlesbank Capital Partners, Nonantum is a Boston-based middle-market private equity firm. Nonantum focuses on investing in family and founder-owned businesses, corporate carve-outs, and complex situations where personal partnership is critical and opportunities exist for significant equity value creation. For more information, visit http://nonantumcapital.com.