Combination Creates a Leading Safety Training Platform for Enterprise Customers and Individual Learners
ORLANDO, Fla., December 02, 2021--(BUSINESS WIRE)--American Safety Council ("ASC"), a leading national provider of critical training, education, and certification solutions to regulated end markets, today announced the transformative acquisition of TPC Training ("TPC"), a leading provider of industrial skills and workplace safety training, performance management, and environmental, health & safety ("EHS") compliance software solutions. Financial terms of the transaction were not disclosed.
"TPC and ASC are extremely complementary businesses," said Derek Dunaway, CEO of TPC. "By combining TPC’s technology and sales expertise with ASC’s content library and direct-to-professional marketing capabilities, we create a truly differentiated platform with best-in-class content capable of serving enterprise customers and individual learners alike."
"Derek and his team have built an extremely impressive business, as evidenced by their remarkable history of growth and resilience up to and through the pandemic and their dynamic corporate culture," said John Comly, CEO of American Safety Council. "By joining forces with TPC, we offer a broader set of technology, compliance, and training solutions to our enterprise customers while expanding our direct-to-professional business to new states and a broader set of vocations. We have admired TPC’s success in the industry for a number of years and are excited to welcome them to our family of companies."
American Safety Council is a portfolio company of Ridgemont Equity Partners, a middle market private equity firm. ASC and Ridgemont are actively seeking acquisition candidates that are established leaders in the online training and education sectors. Baird served as financial advisor to ASC and Harris Williams served as financial advisor to TPC.
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. www.americansafetycouncil.com
About TPC Training
TPC is a provider of industrial skills and workplace safety training, performance management, and EHS compliance software solutions to organizations of all sizes, ranging from Fortune 1000 companies to small businesses and workers that span multiple disciplines from industrial to food service. The company offers one of the industry’s broadest libraries of technical and safety training content, as well as software solutions to manage workforce operations. TPC helps companies maximize the full potential of their workforce, dramatically improve productivity, reduce downtime and keep teams safe. TPC is headquartered in Chicago, Illinois. www.tpctraining.com
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 $5.5 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. www.ridgemontep.com
View source version on businesswire.com: https://www.businesswire.com/news/home/20211202005235/en/