TCF Finances Clearview Acquisition of Xact Data Discovery
TCF Capital Funding announced that it provided the secured financing to support the acquisition of Xcellence (dba Xact Data Discovery) and its subsidiaries (XDD) by Clearview Capital.
Mission, KS-based XDD is a provider of electronic discovery and data management solutions. Bob Polus, the company’s founder and CEO, will continue to lead the management team and retain significant ownership in the company.
“We are pleased to support Clearview’s investment in Xact Data Discovery,” said TCF Capital Funding VP Scott Nielsen. “The company’s management team has an excellent record of top and bottom line growth in its dynamic market, and Clearview’s history with the company and their capital resources to pursue incremental new locations and acquisitions makes them the ideal sponsor to position the company for its next phase of growth.”
“We have been very impressed with Bob and the entire team at XDD and believe the company represents a compelling platform to take advantage of the double digit growth taking place in the eDiscovery and legal process outsourcing industry,” said Bill Case, partner of Clearview Capital.