Sale of ASC to Ridgemont Partners named “Private Equity Deal of the Year (Middle Market)”

The Deal Awards Logo and text stating 'Celebrating the Leaders in the Deal Economy"

NEW YORK, Sept. 28, 2021Baird, an employee-owned, leading global investment bank, is pleased to announce that one of its recent sell-side M&A transactions was honored as the “Private Equity Deal of the Year (Middle Market)” at the 2021 Deal Awards hosted by The Deal at the JW Marriott Essex House in New York.

The winning transaction was the sale of Orlando-headquartered, American Safety Council (ASC), a leading provider of online training and certification for workplace and driver safety, to Ridgemont Equity Partners. ASC was a portfolio company of Falfurrias Capital Partners. Baird served as the exclusive financial advisor to ASC on this transaction. Terms of the transaction were not disclosed.  

“Baird is very pleased to have been ASC’s voice in the market and to have worked with Falfurrias and Ridgemont on this transaction,” said Dan Alfe, Managing Director at Baird. “It was an honor to have been entrusted with this special business at such a unique time in the market, and it’s very rewarding to see this one recognized by the private equity community.”

The Deal Awards celebrate the “advisers, professionals, firms, and banks driving the market forward” in activism, mergers, acquisitions, private equity, and restructuring. The “Private Equity Deal of the Year (Middle Market) Award aims to highlight the most outstanding sale or acquisition of a company by a private equity firm. Additionally, it was not predicated solely on return on investment. The final decisions are made by The Deal’s editorial and data research teams and takes into account peer submissions, corporate entries and staff nominations.

Baird Global Investment Banking

Baird is a leading global investment bank focused on the middle market with more than 400 banking professionals in the U.S., Europe and Asia. We provide corporations, entrepreneurs, private equity and venture capital firms with in-depth market knowledge and extensive experience in merger and acquisition, debt advisory and equity financing transactions. Since 2016, Baird has completed more than 580 advisory transactions, representing nearly $175 billion in transaction value, and 370 financings, raising $132 billion. Committed to being a great place to work, Baird ranks No. 32 on the Fortune 2021 100 Best Companies to Work For® list – its 18th consecutive year on the list.

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