M&A Deal Summary

American Safety Council Acquires TPC

On December 2, 2021, American Safety Council acquired education company TPC from Frontenac

Acquisition Highlights
  • This is American Safety Council’s 2nd transaction in the Education sector.
  • This is American Safety Council’s 8th transaction in the United States.
  • This is American Safety Council’s 1st transaction in Illinois.

M&A Deal Summary
Date 2021-12-02
Target TPC
Sector Education
Buyer(s) American Safety Council
Sellers(s) Frontenac
Deal Type Add-on Acquisition
Advisor(s) Harris Williams & Co. (Financial)
Honigman (Legal)

Target

TPC

Buffalo Grove, Illinois, United States
TPC engages in maintenance, repair, and operator training, with complete solutions for a 21st-century workforce to acquire, apply, and adapt essential technical and safety skills. TPC Training offers a complete portfolio of innovative industrial skills training methods, including online, live Instructor, VR, and innovative on-the-job simulations to fit every need and budget. TPC was founded in 1969 and is based in Buffalo Grove, Illinois.

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Buyer(S) 1

Buyer

American Safety Council

Orlando, Florida, United States
Category Company
Founded 1998
Sector Education
DESCRIPTION

American Safety Council is a provider of e-Learning training solutions to address transportation and workplace safety, testing, medical continuing education, and other regulatory-driven training on behalf of the government, institutions of higher learning, business, and industry, and individual clients. American Safety Council was founded in 1998 and is based in Orlando, Florida.

DEAL STATS #
Overall 8 of 8
Sector (Education) 2 of 2
Type (Add-on Acquisition) 8 of 8
State (Illinois) 1 of 1
Country (United States) 8 of 8
Year (2021) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-14 At Your Pace Online

Gold Hill, Ohio, United States

At Your Pace Online is a provider of an online professional licensure and state-mandated continuing education for building and construction, real estate, electrical, plumbing, HVAC, insurance, and other professional end markets. At Your Pace Online is based in Gold Hill, Ohio.

Buy -

Seller(S) 1

SELLER

Frontenac

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1971
PE ASSETS 2.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Frontenac is a Midwest US-based private equity firm that seek profitable, lower middle-market company investments with $5 to $25 million of EBITDA. Frontenac typically partners with management when pursuing acquisitions, including companies managed by owner-operators. Sectors of interest include financial services, healthcare services, education/HR services, manufacturing, publishing/media, and technology services. Frontenac was formed in 1971 and is based in Chicago, Illinois.

DEAL STATS #
Overall 56 of 59
Sector (Education) 2 of 2
Type (Add-on Acquisition) 19 of 22
State (Illinois) 4 of 4
Country (United States) 54 of 57
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-10 RCG Global Services

Iselin, New Jersey, United States

RCG Global Services provides end-to-end digital transformation and managed services via its U.S., Philippines, and India-based workforce that serves customers in the financial and insurance services, consumer, and healthcare sectors. RCG Global Services was founded in 1974 and is based in Iselin, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-29 Dealer Services Network

Deerfield Beach, Florida, United States

DSN is a technology-enabled platform that automates and streamlines the title, registration and compliance processes for mobility companies and consumers alike. Its proprietary DealTracker™ platform delivers TaaS™ (Title as a Service), workflow, content management and compliance solutions. Dealer Services Network is based in Deerfield Beach, Florida.

Buy -
Mergr

Product

Company

Legal