Sale to Ridgemont Equity Partners

Technology & Services
Sale to Ridgemont Equity Partners

Summary

Baird served as exclusive financial advisor to American Safety Council on this transaction

About

American Safety Holding Corporation, dba American Safety Council (“American Safety Council” or “ASC”), a portfolio company of Falfurrias Capital Partners (“FCP”), was recently acquired by Ridgemont Equity Partners (“REP”). Terms of the transaction have not been disclosed.

American Safety Council is a national leader in delivering online training solutions to individuals and businesses, providing mission critical training to more than 2 million customers a year in the areas of driver safety, workplace safety, professional services and continuing education. American Safety Council collaborates with federal and state agencies, higher learning institutions, trade associations and iconic industry brands to deliver content and online courses that ensure safer environments and compliance with relevant laws, regulations, and standards. American Safety Council is headquartered in Orlando, Florida.

Falfurrias Capital Partners is a private equity investment firm founded in 2006 by Hugh McColl Jr., former chairman and CEO of Bank of America;?Marc Oken, former CFO of Bank of America;?and?Managing Partner?Ed McMahan. FCP has raised approximately $1.0 billion across four funds and invests in growing, middle market businesses in sectors where the firm’s operational resources, relationships, and sector expertise can be employed to complement portfolio company executive teams in support of growth objectives. Falfurrias Capital Partners employs a proprietary, research-based process called “Industry First” to identify markets with durable growth trends, construct a thesis based on research findings, and partner with management teams and companies to create strategic value. FCP is headquartered in Charlotte, North Carolina.

Ridgemont Equity Partners is a middle market buyout and growth equity investor. Since 1993, the principals of Ridgemont have invested approximately $4.4 billion. REP focuses on equity investments up to $250 million in industries in which it has deep expertise, including business and industrial services, energy, healthcare, and technology and telecommunications. REP is headquartered in Charlotte, North Carolina.
CONTACT US TO LEARN MORE
Technology & Services
Sale to Ridgemont Equity Partners
Date
June 2020
Company
American Safety Council
Transaction
M&A
Sectors
Technology & Services
Target Location
North America
Acquiror Location
North America

Share