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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About KP Labs
KP Labs specializes in enabling the legal departments of the most innovative companies on earth become the best versions of themselves through the intelligent use of technology. KP Labs helps clients bridge the gap between products and impact and is a recognized leader in contract intelligence, business process and workflow automation, and data visualization and analytics areas. It embraces and tackles hard problems through its team of technologists, domain experts, engineers, designers, and analysts. KP Labs was hatched at the California law firm Keesal, Young, and Logan, prior to spinning out as an independent technology company in 2018. KP Labs currently serves premier clients through a global team of approximately 40 professionals.
About HBR Consulting
HBR Consulting, LAC Group, and Wilson Allen are joining forces to form a unified organization, bringing together their collective strengths and expertise to create a leading industry partner. With a combined team of over 600 strategists, technologists, and specialists, we offer unparalleled services to law firms, corporate law departments, and information-driven enterprises. Our integrated approach provides clients with seasoned advice, valuable insights, extensive resources, and the necessary capabilities to successfully navigate and thrive amidst the significant changes affecting their businesses. We are dedicated to helping clients adapt to new ways of operating and delivering solutions both internally and to their clients.