Atlanta: Arcapita Group Holdings Limited ("Arcapita"), the global alternative investment firm, announced today that it has completed the acquisition of a majority stake in Trustpoint.One ("Trustpoint" or the "Company"), a leading provider of tech-enabled legal services to law firms and corporate clients in the United States, headquartered in Atlanta, Georgia.
According to Bahrain News Agency, the US legal services market, valued at over $400 billion, is highly fragmented and experiencing a growing demand for alternative legal service providers (ALSPs) due to rising litigation volumes and the need for technology-driven solutions. Historically, litigation has not been linked to GDP growth and is generally insulated from macroeconomic trends. ALSPs are an integral part of the modern litigation landscape due to their ability to generate meaningful cost and time savings, allowing law firms to focus on higher value-added activities such as building case strategies. The market is projected to grow at a stable rate, driven by increasing regulatory complexity and data volumes.
Trustpoint offers a comprehensive suite of legal services, including eDiscovery, managed review, legal staffing, and cybersecurity solutions. The company serves a diverse set of clients, including the top 100 law firms and a variety of Fortune 500 companies. Trustpoint benefits from a scalable business model, robust technology platform, and high client retention, positioning it for continued growth in a rapidly evolving legal services market.
Hisham A. Al Raee, CEO of Arcapita, stated that the acquisition reflects the company's focus on sectors that demonstrate resilience during economic downturns and have solid fundamentals. He noted that the investment in Trustpoint aligns with Arcapita's wider global strategy in essential business services and builds on its established track record.
Neil Carter, Managing Director of US Private Equity at Arcapita, highlighted Trustpoint's role as a leading provider of alternative legal services, along with its strong client base and scalable platform, as aligning with Arcapita's investment approach. He emphasized the ongoing transformation within the legal services sector and Trustpoint's position at the forefront of this shift through its technology-based solutions. Carter expressed Arcapita's enthusiasm to support the company's expansion and continued delivery of high-quality services, looking forward to working with Trustpoint's leadership to drive its next phase of growth.
Mark Hawn, Founder and Chairman of Trustpoint, described the partnership with Arcapita as a key milestone in the company's development. He mentioned that Trustpoint has built a strong platform delivering essential legal services through innovation and expertise. With access to Arcapita's global network and strategic guidance, the company is well-placed to accelerate its growth, adopt advanced technologies, and broaden its services to meet evolving client demands. Hawn expressed confidence in the opportunities this collaboration will create as Trustpoint continues to lead the transformation of the legal services sector.
Chris Gallagher, CEO of Trustpoint, welcomed the partnership with Arcapita as the company begins its next phase of growth. He noted that Arcapita's experience in scaling business services and focus on value creation make it a strong strategic fit for Trustpoint and its leadership team. Gallagher affirmed that with Arcapita's support, the company will continue to expand its services, invest in technology and talent, and grow its presence in the legal services market.