MidOcean Partners has acquired legal service provider Pre-Paid Legal Services for about $650 million. Pre-Paid Legal will be delisted from the New York Stock Exchange.

The New York-based private equity firm has named Rip Mason as CEO of Pre-Paid Legal. Alan Fearnley will join as president and chief commercial officer, while Joaquim Simoes will be CIO.

Click here for the release from PR Newswire.