Align Capital Partners (“ACP”) announced today the successful closing of a single asset continuation fund (“CP EV Fund I, LP”) with approximately $405 million in commitments to support the next phase of growth for its tech-enabled legal services platform Proceed (the “Company” or “Proceed”). ACP acquired Counsel Press in October 2023 and rebranded the Company as Proceed last year after completing twelve add-on acquisitions.

The platform is anchored by the Company’s long-standing leadership position in outsourced appellate services, serving thousands of litigators with trusted expertise. ACP has worked alongside senior management to broaden Proceed’s capabilities into e-filing, service of process and dispute management, while continuing to invest in technology that supports clients across the full dispute lifecycle.

“As our partnership with ACP has evolved, their strategic guidance has become a powerful driver of growth,” said Proceed CEO Scott Thompson. “They have proven to be an exceptional partner, consistently executing on their commitments and adding value beyond expectations. As a result, Proceed has achieved more than 290% revenue growth while evolving from a leader in appellate services into a scaled, technology-enabled legal services platform spanning the entire litigation lifecycle.”

The continuation vehicle provides the Company with additional capital for continued M&A and investment in technology tools to support its over 12,000 existing clients. The Company will target strategic add-ons to expand its core service offering, while also looking to add additional services that fit Proceed’s value proposition to its customers.

“Our partnership with Proceed underscores ACP’s commitment to supporting differentiated platforms built on deep domain expertise with ambitious management teams. We’re grateful for the entire Proceed team’s contributions to date and are excited about the opportunities ahead as activity across the legal services landscape continues to accelerate,” said ACP Partner Matt Iodice.

ACP partnered with Apogem Capital, RCP Advisors and Churchill Asset Management as co-lead investors. “We appreciate the strong support from these three investors, whose partnership and additional capital will enable us to build on Proceed’s momentum to date and continue to invest in the Company’s next phase of growth," said ACP Managing Partner Rob Langley.

Robert W. Baird & Co. served as the placement agent and lead financial advisor for CP EV Fund I, LP. Kirkland & Ellis acted as legal advisor to ACP and McGuireWoods LLP acted as legal counsel to the Company. JEGI Clarity also advised ACP on the transaction and Robert W. Baird & Co.’s Capital Solutions team arranged debt financing provided by Apogem Capital, Barings and Audax. Matt Iodice, Rob Langley, Joe Eazor, Matt Bowen and Sarah Mahosky represented ACP on the transaction.

About Proceed

Proceed is a leading nationwide provider of technology-enabled legal services and expert guidance. The Company has evolved into a national, multi-dimensional platform operating across the dispute lifecycle. Proceed delivers e-filing, service of process, dispute management and appellate services with precision, operational excellence and technology-enabled efficiency. Proceed empowers legal teams to navigate complex matters with speed, accuracy and confidence. Learn more at proceedlegal.com.

About Align Capital Partners

Align Capital Partners is a growth-oriented private equity firm that partners with business owners and management teams to help create shared success. ACP manages $2.1 billion in committed capital with investment teams in Cleveland and Dallas. ACP brings experience and resources to help lower-middle market companies accelerate their growth, to the benefit of management, employees and the firm’s investors. ACP makes control investments in differentiated companies within the business services, technology, specialty manufacturing and distribution sectors. For more information, visit aligncp.com.

Disclosures: The statements quoted above were made by persons who are not clients of ACP and they have not received compensation for the above statements. These statements are solely their opinion and representative of their experience with ACP.

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