Renovus Capital, a private equity firm, has purchased the advisory business of HBR Consulting, a strategy, operations and technology consulting firm for the legal industry.

According to HBR’s advisory business, there is a strong market need for a consulting firm to shape the law firm and law department of the future. The deal works to provide access to capital to drive HBR’s growth. HBR’s advisory business will separate and operate independently from the IT, managed services and Keno Kozie businesses.

“HBR’s market-leading position is a result of its focus on building a top tier team, and we’re excited to partner with HBR leadership to further strengthen the company as the leading diversified legal services provider,” states Lee Minkoff, principal of Renovus.