ATLANTA, Nov. 14, 2011 /PRNewswire/ -- Alexander Gallo Holdings, LLC, parent company to the nation's leading court reporting and litigation solutions companies, Esquire Solutions and Sanction Solutions, announced today that it has obtained U.S. Court approval of its agreement to be sold to Bayside Capital, Inc., an affiliate of H.I.G. Capital, LLC.
The sale, which is scheduled to close in the next few weeks, is the culmination of the Company's successful strategy to eliminate debt and strengthen liquidity while continuing to provide critical litigation support to more than 10,000 law firm offices and corporate clients nationwide.
"This transaction solidifies our financial footing and provides us with the strategic and financial resources to take advantage of growth opportunities for the benefit of our clients, employees, and stakeholders," said Alexander Gallo, the Company's founder and Chief Executive Officer. "We look forward to closing the sale and working with H.I.G. to continue to improve our product and customer service offerings."
Bayside Capital previously invested in Alexander Gallo Holdings in August. Bayside Capital is an affiliate of H.I.G. Capital, a leading global private investment firm with over $8.5 billion of capital under management.
"We are pleased the Court has approved the transaction," said Jackson Craig, Managing Director of Bayside Capital. "We believe the Company is an industry leader with an incredibly bright future and we're eager to work with the Company's employees and management to continue to build the business."
The entire management team, including Mr. Gallo, is excited to continue leading the Company.
"I'd like to thank all of our employees, court reporters, and affiliate providers for their outstanding hard work and commitment," Mr. Gallo said. "They have played a tremendous role in positioning the Company as a leader now and in the future."
About Alexander Gallo Holdings, LLC
Based in Atlanta, Alexander Gallo Holdings, LLC is parent company to the nation's leading privately owned court reporting and litigation solutions companies, Esquire Solutions and Sanction Solutions. Alexander Gallo Holdings companies offer expertise in court reporting, legal video, hosted review,
electronic discovery and trial services across its 55 offices in 23 states. The Company's entrepreneurial strategies and focus on superior client service has driven its unparalleled growth since 1999. For more information, visit www.alexandergalloholdings.com.
About Bayside Capital
Bayside Capital is an affiliate of H.I.G. Capital, a leading global private investment firm with over $8.5 billion of capital under management. Since its founding in 1993, H.I.G. has invested in more than 200 companies worldwide with combined sales in excess of $8 billion. H.I.G. has offices in Miami, Atlanta, Boston, Dallas, New York and San Francisco in the United States, and affiliate offices in London, Hamburg and Paris in Europe.
SOURCE Alexander Gallo Holdings