PHILADELPHIA, PA — CIVC Partners, L.P. (“CIVC”), a Chicago-based middle market private equity firm, is pleased to announce that its portfolio company, Magna Legal Services (“Magna”), has completed the acquisition of On Time Reporting, Inc. (“On Time” or the “Company”).
On Time was founded in Long Island by Debra Coletto and has since established itself as one of the largest independent providers of court reporting services in the Long Island and New York region.
On Time represents a highly complementary partnership for Magna that enhances Magna’s existing capabilities and market position in New York. “On Time is a fantastic fit with Magna’s existing service offering,” said Mark Williams, Magna’s CEO, “We believe that the combination of the two organizations will result in attractive growth opportunities and are delighted to welcome On Time into the Magna family.” Founding Partner and Executive Vice President of Sales at Magna, Peter Hecht, added, “We are excited to continue delivering the high-quality court reporting service On Time’s clients have come to expect while also offering access to Magna’s other litigation support service lines.”
“Our firms’ complementary industry strengths, similar collaborative culture and focus on exceptional service will be valued by clients in New York,” said On Time Founder Debra Coletto. “I am enthusiastic about the next chapter for our clients, court reporters and team members.”
Existing On Time operations will continue business as usual, and On Time clients will receive the same level of high-quality customer support as prior to the partnership. On Time will continue its operations based in Mineola, NY.
About Magna Legal Services
Magna is a leading provider of litigation support services to law firms, insurance companies, and corporations, offering a broad array of services that support clients through each phase of the litigation process, including court reporting, graphics design, jury consulting, record retrieval, and translation services. For additional information on Magna, visit https://www.magnals.com/.
About CIVC Partners, L.P.
CIVC Partners is a Chicago-based private equity firm investing in high growth middle market business services companies. Since 1989, the team has invested $1.9 billion in 72 platform companies and currently invests from CIVC Partners Fund VI. More information on CIVC Partners and its portfolio companies can be found at www.civc.com. If you have an opportunity that may be an acquisition candidate for Magna, please contact Scott Schwartz (firstname.lastname@example.org) or Doug Potters (email@example.com).