Rockbridge Growth Equity Announces Strategic Investment
Rockbridge Growth Equity, a renowned middle-market private equity firm, has recently finalized a strategic investment in Miles Mediation & Arbitration, marking a significant step in supporting the company's ongoing efforts to expand nationally. This partnership underscores Rockbridge's commitment to fostering growth through collaboration and innovation.
Supporting Miles' Nationwide Ambitions
As a leader in the alternative dispute resolution (ADR) sector, Miles has cultivated a wealth of knowledge and diversity over the past two decades. The company boasts a team of over 160 highly skilled neutrals, all equipped to facilitate fair and timely resolutions tailored to various complexities in dispute cases. The infusion of investment from Rockbridge aims to enhance Miles' operational capacity and strengthen its national presence.
Exceptional Leadership and Vision
Parag Shah, the CEO of Miles, along with his dedicated management team, will continue steering the company's direction. Rockbridge's involvement is expected to usher in new growth opportunities. Ziv Weizman, a partner at Rockbridge, expressed enthusiasm about the partnership, highlighting that Miles' experienced team has been pivotal in its impressive expansion journey.
Enhancing Client Experiences through Technological Investment
This strategic partnership is set to amplify Miles' vision of becoming a dominant player in the national ADR landscape. Mr. Shah emphasized that the collaboration with Rockbridge would equip Miles with essential resources, directly impacting the experiences of their clients, neutrals, and internal teams positively. Investments in personnel and technology will continue to be a top priority.
Leading Advisors in the Deal
Piper Sandler stood as the financial advisor to Rockbridge, while Honigman provided legal counsel. On the other hand, Deloitte Corporate Finance served as Miles' financial advisor, with Moore & Van Allen as the legal advisor. This expert guidance was integral in navigating the complexities of the investment process.
About Miles Mediation & Arbitration
Miles Mediation & Arbitration is dedicated to revolutionizing the ADR industry through a distinctive professional services model. They offer client support through a diverse and skilled panel of neutrals, striving for fair, timely, and cost-effective resolutions. Their commitment to creating powerful, supportive experiences is central to their operation and growth strategy.
About Rockbridge Growth Equity
Founded in 2007, Rockbridge Growth Equity operates as a partnership-oriented private equity firm, emphasizing sustainable growth for founder-operated and established businesses. They boast regulatory management assets of over $1.7 billion, focusing on diverse sectors including e-Commerce and Marketing Services, Financial Services and Fintech, Tech-Enabled Products and Services, and Digital Media. Rockbridge's approach merges the flexibility of a financial sponsor with the advantages of strategic partnerships, leveraging insights from the Rock Family of Companies.
Frequently Asked Questions
What is the purpose of Rockbridge's investment in Miles Mediation?
The investment aims to support Miles’ national expansion and enhance its operational capabilities to improve client experiences and service delivery.
Who is leading Miles Mediation after the investment?
Parag Shah and his management team will continue to lead Miles Mediation post-investment, ensuring a smooth operational transition.
What are the main areas of focus for Rockbridge Growth Equity?
Rockbridge focuses on various sectors including e-Commerce, Financial Services, Fintech, and Digital Media, providing targeted support for sustainable growth.
What expertise does Miles Mediation provide?
Miles Mediation offers a diverse panel of neutrals who specialize in guiding parties toward fair resolutions for disputes, regardless of complexity.
How does Rockbridge plan to support Miles's growth?
Rockbridge plans to bolster Miles through resource allocation for personnel and technology, significantly enhancing its service quality and national reach.
