Jan 2020

Audax Private Debt Supports Magna Legal Service’s Acquisition of RecordTrak, Inc.

Audax Private Debt announced an increase in the credit facility to Magna Legal Services (“Magna”) to support the acquisition of RecordTrak, Inc. Magna is an existing portfolio company of CIVC Partners, L.P.
RecordTrak is a leading nationwide provider of record retrieval services for approximately 1,000 law firms and corporations across the United States. RecordTrak was founded in 1981, and over the last 38 years has established itself as one of the largest independent providers of record retrieval services in the litigation support services industry. Headquartered in King of Prussia, PA, RecordTrak represents a highly complementary acquisition for Magna that enhances Magna's capabilities and market position in the record retrieval industry and broadens the set of litigation support solutions available to clients of both companies.