BakerHostetler Advises TempusDirect in Strategic Investment from Aldrich Capital Partners

A BakerHostetler team led by Partners Steven Goldberg and Matthew Gases and including Partners Brendan Clark, Kyle Gregory, Brian Murray, Michael Parente, Erica Svoboda and Matthew Wochok and Associates Thomas Paquette, Jr. and Jacob Simon, advised TempusDirect and its shareholders in a strategic investment by private equity firm Aldrich Capital Partners.

Tempe, Arizona-based TempusDirect is a technology-enabled provider of third-party claims cost containment solutions serving the property and casualty insurance industry. Aldrich's investment will support the company's next phase of growth as it continues to scale its technology platform, expand its market presence and enhance its service capabilities. KeyBanc Securities acted as financial advisor to Tempus.

Terms of the investment were not disclosed.

Read the Morningstar release.

Read the PR Newswire release.