TMCnet News
American Safety Council Acquires Certified Training InstituteAmerican Safety Council ("ASC (News - Alert)"), a leading national provider of critical training, education, and certification solutions to regulated end markets, today announced the acquisition of Certified Training Institute ("CTI (News - Alert)"), a leading provider of online professional licensure and state-mandated continuing education for builders, pesticide applicators, plumbers, real estate agents, architects and engineers. Financial terms of the transaction were not disclosed. "CTI is a very natural fit with American Safety Council given their course catalogue and 100% digital offering," said John Comly, CEO of American Safety Council. "As a combined business, we offer more content that covers a broader set of adjacent vocations, such as home and commercial services. Josh Francis and the CTI management team have achieved tremendous growth over the past several years and we look forward to continuing this momentum and supporting new initiatives." "Joining the ASC team marks the beginning of an exciting new chapter for us all," said Josh Francis, CEO of CTI. "We will share resources and technology to attract customers to our platform and offer multiple certifications to a professional seeking career advancement or a new career path. Both CTI and ASC hold a customer-first mentality and together we are best positioned to enable our customersto successfully and efficiently complete required coursework." American Safety Council is a portfolio company of Ridgemont Equity Partners, a middle market private equity firm. Normandy Advisors served as a buyside advisor to ASC and Ridgemont and Riverside Advisors served as advisor to CTI. ASC and Ridgemont are actively seeking acquisition candidates that are established leaders in the online training and education sectors. About American Safety Council Based in Orlando, Florida, American Safety Council provides critical training and education to more than two million customers each year. ASC collaborates with federal and state agencies, higher learning institutions, trade associations and iconic industry brands to ensure the content of the Company's online courses is best-in-class and compliant with applicable laws, regulations or industry standards. American Safety Council is committed to helping people live safer, more productive lives with current training offerings focused on workplace safety, driver safety, and other vocational certifications. www.americansafetycouncil.com About Ridgemont Equity Partners Ridgemont Equity Partners is a Charlotte-based middle market buyout and growth equity investor. Since 1993, the principals of Ridgemont have invested over $5 billion. The firm focuses on equity investments up to $250 million and utilizes a proven, industry-focused investment approach and repeatable value creation strategies. Ridgemont's most recent flagship fund, REP III, was formed in 2018 and has $1.65B of committed capital. www.ridgemontep.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20210413005111/en/ |
