Announced
Completed
Financials
Tags
training solutions
Outsourced HR and Staffing
Majority
Friendly
Acquisition
Completed
United States
Private
Single Bidder
Private Equity
Synopsis
Ridgemont Equity Partners, a middle market private equity investor, completed the acquisition of American Safety Council, a national provider of mandatory training, education, and certification solutions to regulated end markets, from Falfurrias Capital Partners, a Charlotte-based private equity firm. Financial terms were not disclosed. "ASC has an outstanding management team, led by John Comly, and a uniquely scaled, national platform with nearly 2m customers and over four hundred online courses that help people lead safer and more productive lives. We have followed the business and its impressive growth trajectory for many years and are very pleased to partner with the ASC team to continue to invest in its content and technology and to actively pursue M&A opportunities in adjacent end markets," Rob Edwards, Ridgemont Partner.
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