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K2 Services Acquires Epiq GBTS and Forrest Solutions in Renovus-Backed Deal

The seller will refocus on services-enabled technology, emphasizing proprietary AI-driven SaaS after the divestiture.

Overview

  • The purchases combine K2, Epiq’s GBTS division, and Forrest Solutions into a single managed-services provider targeting professional services and legal clients.
  • Michelle Deichmeister, former president of Epiq GBTS, was named chief executive officer of the new organization.
  • The expanded portfolio spans front-, middle- and back-office operations delivered by more than 4,500 professionals across on-site, off-site and offshore models.
  • Renovus Capital Partners provided the majority investment supporting the consolidation to scale technology-enabled operations.
  • Epiq engaged Rothschild & Co as financial advisor with Weil, Gotshal & Manges as counsel, while Morgan, Lewis & Bockius advised K2 Services.