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New Deal


Announced

Completed

MidOcean completed the acquisition of Smith System from LLCP.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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professional training

United States

Online and Social Platforms

Acquisition

Domestic

Private

Completed

Single Bidder

Majority

Private Equity

Friendly

Synopsis

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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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