Trinity Hunt Partners, a growth-oriented middle market private equity firm, today announced its acquisition of Veracity Research Company, a full-service provider of outsourced investigative services, based in Denton, Texas. Veracity Research Company (“VRC”) was co-founded in 1995 by Marcus Doyle, CEO, and Lance Foster, President, and services a range of blue-chip insurance carriers, third party administrators, and self-insured corporate clients. Trinity Hunt is partnering with Doyle and Foster, who will remain significant shareholders of VRC, to recapitalize the business and accelerate its growth trajectory.
“The Trinity Hunt team will serve as a key partner in our continued growth. Their significant resources will enable us to expand our reach and capabilities,” stated Marcus Doyle. “Trinity Hunt’s proven approach to value creation through partnership was a key factor in our decision to enter this relationship,” added Lance Foster. Doyle and Foster will continue to lead VRC’s operations as the Company enters its next phase of growth.
“We are excited to partner with Marcus, Lance, and the dedicated management team at VRC,” said Pete Stein, Managing Partner at Trinity Hunt. “They have built an exceptional company through strong customer relationships and a commitment to customer service unmatched in the investigative services industry. We intend to build upon these core fundamentals to become the premier investigative services provider nationwide.”