BOSTON, MA and SAN FRANCISCO, CA (September 30, 2024) – Aeris Partners is pleased to announce The Expert Institute Group, LLC (“Expert Institute” or “Company”), a market-leading provider of technology-driven expert witness solutions to the plaintiff attorney market, has been acquired by Levine Leichtman Capital Partners. Expert Institute is a portfolio company of Spectrum Equity.
Aeris Partners served as the exclusive financial advisor to Expert Institute and Spectrum Equity. Terms of the transaction were not disclosed.
Since 2010, Expert Institute has been a pioneer in expert witness technology solutions and intelligence for the plaintiff attorney market. The Company combines a vast proprietary network of expert witnesses with a suite of workflow solutions to deliver the highest-quality experts and relevant insights to its customers. As a leading brand in the plaintiff attorney market, thousands of law firms rely on the Expert Institute platform to connect with qualified experts, screen cases for merit, and gain actionable insights into retained and opposing expert witnesses.
“Expert Institute’s suite of technology-driven solutions, combined with the industry’s largest, proprietary expert network, provide best-in-class case outcomes for its plaintiff attorney clients,” said Garin Arevian, Managing Director at Aeris Partners. “It was a pleasure to advise Expert Institute and Spectrum Equity on the transaction, and we are excited about the Company’s next chapter and new partnership with Levine Leichtman.”
“Expert Institute’s longstanding track record of growth, innovation and leadership in the plaintiff attorney market is truly impressive,” said David Joncas, Managing Director at Aeris Partners. “We look forward to Expert Institute’s continued success and were honored to advise Spectrum Equity and Expert Institute on the transaction.”
About Expert Institute
Founded in 2010, Expert Institute is a leading legal technology company that provides lawyers with access to world-class experts, unparalleled intelligence, and cutting-edge legal technology. Expert Institute stands out for its dynamic blend of expert research capabilities, medical insight, dedicated client service, and advanced technological solutions. This unique combination positions them as a transformative force in legal technology, redefining how legal professionals approach case preparation and strategy.
About Spectrum Equity
Spectrum Equity is a leading growth equity firm providing capital and strategic support to innovative companies in the information economy. For over 30 years, the firm has partnered with exceptional entrepreneurs and management teams to build long-term value in market-leading Internet-enabled software and data services companies. Representative investments include AllTrails, CINC Systems, Definitive Healthcare, Empyrean Solutions, GoodRx, Lucid Software, Origami Risk, RainKing and Zenwork.
About Levine Leichtman Capital Partners
Levine Leichtman Capital Partners, LLC is a middle-market private equity firm with a 40-year track record of investing across various targeted sectors, including Business Services, Franchising & Multi-unit, Education & Training and Engineered Products & Manufacturing. LLCP utilizes a differentiated Structured Private Equity investment strategy, combining debt and equity capital investments in portfolio companies. LLCP believes that by investing in a combination of debt and equity securities, it offers management teams growth capital in a highly tailored, flexible investment structure that can be a more attractive alternative than traditional private equity.
About Aeris Partners
Aeris Partners, a leading boutique investment bank with offices in Boston and San Francisco, provides premium strategic M&A advisory services to best-in-class software and Software-as-a-Service (SaaS) companies, private equity, and venture capital firms spanning a range of high-growth vertical markets including healthcare IT (HCIT); pharma (PharmaTech); government (GovTech); education (EdTech); architecture, engineering and construction (AECO); financial technology (FinTech); legal technology (LegalTech); and energy & power (EnergyTech), among others. Aeris leverages extensive technology domain expertise and an unparalleled commitment to delivering superior M&A outcomes on every transaction. The firm’s senior leadership team has successfully completed more than $40 billion of M&A advisory assignments to date. For more information, please visit: www.aerispartners.com.
Aeris Partners LLC is a registered broker-dealer and member of FINRA and SIPC.
