Consilio and Advanced Discovery, two private-equity owned E-Discovery companies, are set to merge later this year under a new owner.

The new company, which does not have a name yet, will have over 2,500 employees, 14 data centers and 22 document review facilities in 11 countries, according to Consilio. It will provide governance, risk management, E-Discovery and document and contract review services.

Under the terms of the deal announced Wednesday, San Francisco-based investment firm GI Partners will take a majority position in the combined companies. The transaction is expected to close in the second quarter of this year. The value of the deal has not been made public.

Consilio CEO Andy Macdonald, who will become CEO of the new company, said he hopes Consilio’s clients will benefit from Advanced Discovery’s depth of product offerings and that Advanced Discovery’s clients will benefit from Consilio’s geographic reach.

“Our clients are different, our offerings are a little different, so we just saw great upside for our clients for putting these two companies together,” Macdonald told Big Law Business.

Consilio’s clients are primarily in financial services and FinTech, and Advanced Discovery’s clients are primarily in technology, pharmaceuticals, healthcare and retail, according to Macdonald. He said less than 5 percent of the companies’ clients currently overlap.

Macdonald said the news of the merger comes at a moment of consolidation in the E-Discovery market. The end of 2016 saw the mergers of DTI with Epiq Systems and of LDiscovery with Kroll Ontrack. Both Advanced Discovery and Consilio have four acquisitions each since 2015, Macdonald said.

“That consolidation is driven largely by client buying behaviors,” he said. “The clients themselves have been raising the bar of who it is that can provide services.”

Jim Burke, who is currently CEO of Advanced Discovery, will become a director on the combined company’s board.