Information on the Target

Magna is a prominent provider of litigation support services, catering to over 13,000 clients, including law firms, corporations, insurance carriers, and government agencies. Established in 2007 and headquartered in Philadelphia, the company is recognized for its swift growth and leadership in the litigation support sector. Magna's comprehensive service offerings include court reporting, translation, videography, records retrieval, jury evaluation and consulting, graphic design, and trial presentation, enabling it to effectively support clients during all phases of the litigation process.

With a national presence, Magna operates across the United States, serving clients in all 50 states. The company boasts a dynamic senior management team, comprising Chief Executive Officer Mark Williams, Founders Mark Calzaretta and Peter Hecht, along with Jon Ackerman, Tony Vaglica, and Matt Chiappa, who will all remain at the helm post-transaction, having invested alongside Odyssey in this deal.

Industry Overview in the Target’s Specific Country

The litigation support industry in the United States is a critical component of the legal field, characterized by stable demand and resilience against economic fluctuations. The sector comprises a wide array of services aimed at enhancing the efficiency and effectiveness of legal proceedings. As legal complexities rise and the volume of litigation increases, organizations are increasingly seeking specialized support services.

With ongoing regulatory changes and the expansion of legal frameworks, firms require adept litigation support to navigate challenges successfully. The emergence of technology-driven solutions further enhances the capabilities within this industry, allowing firms to optimize processes and deliver better client outcomes.

Moreover, the competitive landscape of litigation support has seen substantial consolidation, with firms striving to offer integrated solutions to enhance service delivery. Companies that can adapt to market needs and expand their service lines are well-positioned to capture growth opportunities and improve client satisfaction.

Overall, the litigation support industry remains robust and presents significant growth potential as businesses increasingly recognize the value of specialized services in achieving favorable litigation outcomes.

The Rationale Behind the Deal

The acquisition of Magna by Odyssey presents a strategic opportunity to enhance Odyssey's portfolio of network-based and outsourced business services. Magna's established reputation and strong track record of performance in the litigation support space align with Odyssey’s investment strategy that targets resilient and growth-oriented businesses.

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