Long Beach, CA (July 11, 2023) Keesal Propulsion Labs (KP Labs), an innovative provider of technology-enabled solutions for the legal industry, today announced that private equity firm Renovus Capital Partners (Renovus) has acquired the company, effective June 30, 2023.
KP Labs specializes in helping corporate law departments innovate through the intelligent use of technology. KP Labs now joins Renovus’ portfolio of businesses serving law firms and corporations, alongside HBR Consulting, LAC Group, and Wilson Allen. KP Labs will closely collaborate with HBR’s industry-leading team to provide even greater value for corporate law department and law firm clients across the existing portfolio.
“Joining this family of best-in-class legal services organizations is the next evolution for our company,” said KP Labs’ CEO Rudy DeFelice. “The collaborative opportunities are endless and will not only enhance the capabilities and solutions we can offer to our clients but also expand development opportunities for our amazing team.” The KP Labs team of approximately 40 professionals includes technologists, domain experts, engineers, designers, and analysts.
CIO Justin Hectus added: “Over the years that we’ve known and worked with HBR’s experts in corporate law department strategy, operations, and technology, we’ve developed a deep mutual respect and friendship. This now creates an even closer relationship. I look forward to partnering to deliver enhanced value to our clients – meeting their end-to-end process and technology needs and accelerating innovations that will benefit them and the legal ecosystem.”
Under this strategic investment, the newly formed KP Labs will continue to operate under its existing brand, with DeFelice and Hectus maintaining their leadership roles while working closely with HBR leadership.
Renovus principal Lee Minkoff stated: “Adding KP Labs’ award-winning team to our legal services portfolio supports our strategy of investing in companies with market-leading reputations for providing exceptional, value-adding outcomes for their clients. We’re impressed by KP Labs’ strong capabilities and presence in the corporate law department sector and enthusiastic about the possibilities arising out of their deeper collaboration with HBR’s legal industry experts.”
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