Announced
Completed
Financials
Tags
professional training
United States
Online and Social Platforms
Acquisition
Domestic
Private
Completed
Single Bidder
Majority
Private Equity
Friendly
Synopsis
MidOcean, a private equity firm, completed the acquisition of Smith System, a B2B workplace safety training platform, from Levine Leichtman, a private equity firm. Financial terms were not disclosed. “We’re thrilled to welcome Smith System into the MidOcean portfolio. The Company has clearly and consistently demonstrated the power and effectiveness of its unique approach to safety training, and we’re excited to continue building the premier B2B safety training platform alongside CEO Tony Douglas, Executive Chairman Derek Dunaway, and a great management team,” Marshall Phelps, MidOcean Partner.
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