Trinity Hunt Partners, a Dallas-based middle market private equity firm with more than $670 million under management, today announced its acquisition of a majority interest in IMS ExpertServices(“IMS” or the “Company”), a full-service provider of expert witness search and placement services, based in Pensacola, Florida. IMS was founded in 1992 by Bill Wein (CEO), Ted Gorder (Chief Strategy Officer), and Bill’s father, Mike. Trinity Hunt is partnering with Bill and Ted to recapitalize the business and accelerate its current growth trajectory.
“We are excited to partner with Bill and Ted and the exceptional team they have built at IMS,” said Pete Stein, Managing Partner of Trinity Hunt. “Following many years of leadership from Bill’s father, Mike Wein, the company has experienced tremendous growth. IMS’s historical financial performance is a testament to the quality of the service offering the Company has delivered to its client base, which includes all of the AM Law Top 100 law firms. We plan to build upon these core competencies and ensure that IMS continues to be the premier expert witness provider for top law firms in the U.S.”
IMS specializes in connecting highly-credentialed, experienced experts and consultants with the attorneys who need them. Over the last 25 years, IMS has developed deep expert relationships and a rigorous in-house search and vetting process to deliver top industry subject matter experts to clients involved in high stakes litigation. The Company is a nine-time Inc. 5000 honoree.
“In seeking a partner, we were attracted to Trinity Hunt’s prior and current investment experience in the legal services industry” said Bill Wein, who will remain as CEO and a shareholder in the business. “Their resources and strategic approach will create value that allows us to expand our reach while providing the same best in class client and expert experience upon which IMS was founded.”
Senior debt was provided by Freeport Financial. Terms of the transaction were not disclosed.