M&A Deal Summary

Colibri Group Acquires Therapeutic Research Center

On November 20, 2023, Colibri Group acquired education company Therapeutic Research Center from Levine Leichtman Capital Partners

Acquisition Highlights
  • This is Colibri Group’s 8th transaction in the Education sector.
  • This is Colibri Group’s 9th transaction in the United States.
  • This is Colibri Group’s 2nd transaction in California.

M&A Deal Summary

Date 2023-11-20
Target Therapeutic Research Center
Sector Education
Buyer(s) Colibri Group
Sellers(s) Levine Leichtman Capital Partners
Deal Type Add-on Acquisition

Target

Therapeutic Research Center

Stockton, California, United States
Therapeutic Research Center is a provider of digital medication learning that updates, informs, and educates healthcare providers across the continuum of care. Therapeutic Research Center was founded in 1985 and is based in Stockton, California.

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Buyer(S) 1

Buyer

Colibri Group

St. Louis, Missouri, United States

Category Company
Founded 1990
Sector Education
DESCRIPTION

Colibri Group helps millions of professionals manage and advance their careers through online learning solutions, all powered by a proprietary technology platform. Colibri Group offers a seamless experience to help licensed professionals progress throughout their careers, focused on licensing, continuing education, industry news, and job opportunities for healthcare, real estate, appraisal, and financial services, among other professions.


DEAL STATS #
Overall 9 of 9
Sector (Education) 8 of 8
Type (Add-on Acquisition) 7 of 7
State (California) 2 of 2
Country (United States) 9 of 9
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-24 Becker

Chicago, Illinois, United States

Becker engages in the CPA (Certified Public Accountant) exam review industry offering a full accounting career life cycle solution from training to licensing to continuing education. Becker’s global presence includes more than 2,900 partners including accounting firms, societies, corporations, government agencies, and universities. Becker was founded in 1957 and is based in Chicago, Illinois.

Buy -

Seller(S) 1

SELLER

Levine Leichtman Capital Partners

Beverly Hills, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1984
PE ASSETS 12.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Levine Leichtman Capital Partners (LLCP) is a West Coast US based private investment firm that targets mezzanine and other structured equity investments in middle-market companies. The Firm has several funds, each with different strategies. LLCP's larger fund targets subordinated debt, preferred equity, and/or common equity investments in companies with $100 to $750 million of revenue. The Firm's smaller fund invests $5 to $15 million in emerging companies with less than $25 million in revenue. LLCP also invests in financially distressed businesses. LLCP was formed in 1984 and has offices in Beverly Hills, California; Chicago, Illinois; Dallas, Texas; New York City; and London.


DEAL STATS #
Overall 56 of 57
Sector (Education) 3 of 3
Type (Add-on Acquisition) 16 of 16
State (California) 11 of 11
Country (United States) 50 of 51
Year (2023) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-07 Smith System

Arlington, Texas, United States

Smith System is a provider of accident avoidance driver training for vehicle fleets. Smith’s customers, many of whom are Fortune 500 companies, represent diverse end markets from logistics to pharmaceuticals. Smith System was formed in 1952 and is based in Arlington, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-22 USA Water

Houston, Texas, United States

USA Water is a provider of operations and maintenance (“O&M”) services for water and wastewater systems across the Southeast United States. The Company’s non-discretionary services enable municipalities and utility districts to entrust their water infrastructure maintenance, asset management, and regulatory compliance needs to a professional partner of scale. USA Water is based in Houston, Texas.

Buy -