Achievement November 30, 2022

Troutman Pepper Advises AdvancedONE in its Acquisition by Apax-Backed Lexitas

Troutman Pepper represented AdvancedONE, a leading national provider of technology-enabled court reporting and deposition services, in its sale to Lexitas, a portfolio company of Apax. Read a company press release about the transaction.

Troutman Pepper assisted AdvancedONE founder and CEO John Anderson for over 10 years beginning with the formation of the business venture. The firm advised AdvancedONE on the initial purchase of the platform business in Philadelphia and then in subsequent add-on transactions in Los Angeles and Dallas and through organic growth in Atlanta. Troutman Pepper also represented AdvancedONE in its financing transactions, including a recapitalization in 2021.

Troutman Pepper Partner Thomas Dwyer led a multi-practice team including Harry Nimoityn, Jake McDonough, Deborah Enea, Morgan Klinzing, Joan Arnold, and Mike Crumbock in advising AdvancedONE in the transaction.