HOUSTON, March 21, 2019 /PRNewswire/ -- ARCHER Systems, LLC ("ARCHER") announced today that is has acquired Providio MediSolutions, LLC ("Providio") to further solidify ARCHER's position as a leading provider of claims administration, lien resolution, qualified settlement fund, national bankruptcy and probate coordination, and other pre-settlement and post-settlement services to the legal industry for mass tort, class action and single-event litigation. As a result of the transaction, Integrated Financial Settlements and Ginger Susman have joined the existing ARCHER ownership group of Scott Freeman, Will Shapiro, Brian Polarek and LKCM Headwater Investments as equity owners of ARCHER. LKCM Headwater Investments joined the ARCHER ownership group in December 2018 following its completion of a strategic equity investment in ARCHER.
Scott Freeman, an Executive Chairman of ARCHER, commented, "We are incredibly pleased to partner with the Providio and LKCM Headwater Investments teams and believe these transactions will enable us to further cement ARCHER's position as a leading technology-based provider of value-added claims administration, lien resolution, and other pre-settlement and post-settlement services to the legal industry. This transaction gives ARCHER the ability to further its core mission of empowering plaintiffs, defendants and other stakeholders to achieve their collective litigation and other business objectives."
Will Shapiro, an Executive Chairman of ARCHER, commented, "We are very excited to welcome the Providio team to ARCHER. This transaction provides ARCHER with additional resources to further enhance and expand our service offerings in the areas of mass tort, class action and single-event litigation to better serve our clients. ARCHER remains steadfast in its commitment to providing a high-touch, white glove service model for our valued clients, and the addition of Providio's seasoned team of employees further elevates ARCHER's ability to do so."
Ginger Susman, an Executive Chairman of ARCHER, commented, "We had been searching for a strategic option to expand our service offerings at the request of clients for some time, and when ARCHER and Providio commenced discussions it was an obvious match. Our cultures are uniquely aligned with an extreme focus on customer service to enable mass tort, class action and single-event firms to better serve their clients through effective and efficient pre-settlement and post-settlement administration solutions. I'm looking forward to working closely with Scott, Will and the entire ARCHER team."
About ARCHER Systems
ARCHER Systems, LLC, headquartered in Houston, Texas, is a provider of claims administration, lien resolution, qualified settlement fund, national bankruptcy and probate coordination, and other pre-settlement and post-settlement services to the legal industry. With over 200 employees operating out of offices in Texas, Colorado and Pennsylvania, ARCHER provides valued-added service and technology-based solutions to empower plaintiffs, defendants, and other stakeholders to achieve their collective litigation and other business objectives in the mass tort, class action and personal injury marketplace. For more information about ARCHER Systems, LLC, please visit www.archersystems.com.
About LKCM Headwater Investments
LKCM Headwater Investments, LLC serves as the private equity arm of Luther King Capital Management Corporation, an SEC-registered investment advisory firm headquartered in Fort Worth, Texas with approximately $15 billion in assets under management. Founded in 1979, Luther King Capital Management Corporation provides tailored investment management services designed to meet the investment objectives of its clients, which include a wide range of high net worth individuals, institutional investors, investment companies, and private investment partnerships, including LKCM Headwater Investments, LLC and its affiliated private equity funds. For more information about LKCM Headwater Investments, please visit www.lkcmheadwater.com.
About Integrated Financial Settlements Inc.
Integrated Financial Settlements is a holding company with several industry leading subsidiaries that provide financial solutions to individuals and families who have experienced a personal injury. The IFS companies are the largest writers of structured settlement annuities in the United States. For more information about IFS, please visit www.ifscompanies.com.
SOURCE ARCHER Systems, LLC