January 20, 2021
American Safety Council ("ASC"), a leading national provider of critical training, education, and certification solutions to regulated end markets, today announced the acquisition of S/P2, a provider of online safety and professional training and credentialing for career technical schools and the automotive, heavy-duty/diesel, welding, construction, cosmetology and culinary industries. In addition to its core online training business, S/P2 maintains the industry's largest resume database of career tech students. Financial terms of the transaction were not disclosed.
"We are excited to welcome the S/P2 team to the ASC family," said John Comly, CEO of American Safety Council. "Kyle, Bryce, and the whole S/P2 team have built an impressive online offering serving attractive industries that are very complementary to ASC's core end markets. Together, we will now be able to offer an expanded set of digital courses for professionals seeking to enter the skilled workforce and/or enhance their skills and careers."
"ASC is the clear leader in providing online education to regulated industries, given the quality of their digital content and ability to attract customers to their platform," said Kyle Holt, President of S/P2. "ASC has earned a great reputation in our business – it was very important to us to find a partner who values the same type of workplace culture as S/P2 and commitment to safety standards and professional advancement."
American Safety Council is a portfolio company of Ridgemont Equity Partners, a middle market private equity firm. Normandy Advisors served as a buyside advisor to ASC and Ridgemont in the acquisition of S/P2. ASC and Ridgemont are actively seeking acquisition candidates in the online training and education sector that are established leaders in their niche verticals.
About American Safety Council
Based in Orlando, Florida, American Safety Council provides critical training and education to more than two million customers each year. ASC collaborates with federal and state agencies, higher learning institutions, trade associations and iconic industry brands to ensure the content of the Company's online courses is best-in-class and compliant with applicable laws, regulations or industry standards. American Safety Council is committed to helping people live safer, more productive lives with current training offerings focused on workplace safety, driver safety, and other vocational certifications.
About Ridgemont Equity Partners
Ridgemont Equity Partners is a Charlotte-based middle market buyout and growth equity investor. Since 1993, the principals of Ridgemont have invested over $5 billion. The firm focuses on equity investments up to $250 million and utilizes a proven, industry-focused investment approach and repeatable value creation strategies. Ridgemont's most recent flagship fund, REP III, was formed in 2018 and has $1.65B of committed capital.