Magna provides litigation support services to over 13,000 law firms, corporations, insurance carriers, and government agencies. The Company provides critical support to its clients throughout the litigation process, including court reporting, translation, videography, records retrieval, jury evaluation and consulting, graphic design, and trial presentation services. Magna was founded in 2007 and has established itself as one of the leading and fastest growing litigation support providers in the industry. Headquartered in Philadelphia, the Company has a national footprint with offices across the US serving clients in all 50 states.

The existing senior management team, including Chief Executive Officer Mark Williams, Founders Mark Calzaretta and Peter Hecht, as well as Jon Ackerman, Tony Vaglica, and Matt Chiappa will continue to lead the Company and have invested alongside Odyssey in the transaction.

Jeff Moffett, Managing Principal at Odyssey, said “Magna is a compelling opportunity to build on Odyssey’s successful history of investing in network-based and outsourced business services companies. The Company provides vital services to the litigation process, the demand for which is steady, predictable, and typically uncorrelated to economic cycles. Magna has a proven ability to generate growth in excess of the market as a result of its professional and entrepreneurial culture, cross-selling capabilities, and impressive track record of executing strategic acquisitions. We view Magna as an exceptional business to build a unique legal services platform, and we look forward to partnering with this experienced leadership team to help them achieve their growth ambitions.”

“We chose to partner with Odyssey because of the firm’s extensive track record of supporting management teams looking to further drive growth and expand their businesses,” commented Mark Williams, Magna’s CEO. “Over the last fifteen years, we have been able to scale our business both organically and through a proven acquisition platform. Odyssey shares our vision for the future, and we are eager to leverage their team’s deep expertise and resources as we continue to execute on our ambitious business plan and build the premier firm in the legal services market. We would like to thank CIVC for their partnership over the past several years. We have achieved sustained success with their support, investment, and insights.”

“CIVC is proud to have been a part of Magna’s success over the past four years, during which time the company delivered above-market organic growth, completed six accretive add-on acquisitions, and added new service lines,” said Scott Schwartz, Partner at CIVC Partners. “We expect many years of continued success for Magna.”

Houlihan Lokey served as financial advisor and Latham & Watkins LLP served as legal counsel to Odyssey. Harris Williams LLC served as financial advisor and Ropes & Gray LLP served as legal counsel to Magna.

Media Contacts:

Mark Semer / Grace Cartwright
Gasthalter & Co.
(212) 257-4170
odyssey@gasthalter.com