Contract Logix Is Acquired by LegalSifter

Brentwood Capital Advisors Serves as Exclusive Financial Advisor to Contract Logix

October 30, 2024 – Nashville, TN

Brentwood Capital Advisors LLC (“BCA”) is pleased to announce its role as exclusive financial advisor to Contract Logix, LLC (“Contract Logix” or the “Company”) in its acquisition by LegalSifter, a leader in AI-powered contract operations solutions. LegalSifter is a portfolio company of Carrick Capital Partners (“Carrick”), a growth equity firm based in San Francisco and Newport Beach, CA.

Contract Logix is a provider of data-driven contract lifecycle management (“CLM”) solutions with an eighteen-year history providing best-in-class CLM expertise to its customers. The strategic acquisition expands Contract Logix’s strategic offerings and LegalSifter’s client base, recurring revenues, and product capabilities while offering clients broader access to additional AI and contract operations solutions. Bringing the companies together increases LegalSifter’s strong position in healthcare, education, technology and manufacturing while expanding its client base in pharmaceuticals, energy, biotech and supply chain.

“We are thrilled to have LegalSifter as our partner to enhance our AI-powered contract management offerings. We are excited to bring expanded artificial intelligence capabilities, expertise, and services to our customers with LegalSifter’s Contract Control Program,” said Karen Meyer, chief executive officer of Contract Logix. “BCA was fantastic throughout every step of the process, and their work was invaluable in finding a strategic partner who will enhance the services and solutions we can deliver to customers.”

“This strategic combination brings a compelling service-oriented model to contract lifecycle management. We are excited to watch the combined company grow and serve its customers with best-in-class AI capabilities and services,” said Porter Meadors, Managing Director at BCA. Patrick Price, Director at BCA, added, “It was a privilege to work with Karen and the Contract Logix team, and we know that they will enjoy continued success with LegalSifter and Carrick. This successful transaction builds upon BCA’s momentum in contract lifecycle management and broader governance, risk, and compliance (“GRC”) solutions.”

About Brentwood Capital Advisors

Headquartered in Nashville, Tennessee, Brentwood Capital Advisors is one of the nation’s leading independent investment banks, specializing in providing financial advice on mergers, acquisitions, corporate divestitures, and capital raising to growth-oriented, middle-market healthcare services, healthcare technology, and business services companies since 1999. For more information, visit www.brentwoodcapital.com.