M&A Deal Summary

Ridgemont Equity Partners Acquires American Safety Council

On June 23, 2020, private equity firm Ridgemont Equity Partners acquired education company American Safety Council from Falfurrias Capital Partners and Bratenahl Capital Partners

Acquisition Highlights
  • This is Ridgemont Equity Partners’ 3rd transaction in the Education sector.
  • This is Ridgemont Equity Partners’ 104th transaction in the United States.
  • This is Ridgemont Equity Partners’ 7th transaction in Florida.

M&A Deal Summary

Date 2020-06-23
Target American Safety Council
Sector Education
Buyer(s) Ridgemont Equity Partners
Sellers(s) Falfurrias Capital Partners
Bratenahl Capital Partners
Deal Type Secondary Buyout
Advisor(s) Robert W. Baird & Co., Inc. (Financial)

Target

American Safety Council

Orlando, Florida, United States
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.

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Buyer(S) 1

Buyer

Ridgemont Equity Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ridgemont Equity Partners is an independent private equity firm specializing in middle-market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invest up to $500 million in companies with EBIDTA of $5 - $50 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 118 of 133
Sector (Education) 3 of 4
Type (Secondary Buyout) 20 of 24
State (Florida) 7 of 7
Country (United States) 104 of 118
Year (2020) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 APE Companies

Deer Park, Texas, United States

APE Companies is a specialty distributor of surface preparation, remediation, abatement, safety, environmental, and waterjet cutting products and solutions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-20 Anne Arundel Dermatology

Annapolis, Maryland, United States

Anne Arundel Dermatology is a provider of dermatological services in Maryland, Virginia, and Tennessee. ADM offers a comprehensive suite of dermatologic services, offering general dermatology, advanced treatment options for skin cancer, and cosmetic procedures. Anne Arundel Dermatology was founded in 2015 and is based in Annapolis, Maryland.

Buy -

Seller(S) 2

SELLER

Falfurrias Capital Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Falfurrias Capital Partners is a private equity firm that invests in lower and middle-market companies located in the Eastern US. Falfurrias focuses on companies with experienced management teams, differentiated product features, diverse customers, revenues in excess of $10 million, and EBITDA of $5 million to $40 million. The Firm looks to invest at least $25 million per transaction. Specific areas of interest include financial services, consumer products, health care, building products, manufacturing, business services, education, training, infrastructure, and information services. The Firm will consider a variety of transaction types, including buyouts, growth capital financings, recapitalization, and corporate divestitures. Falfurrias Capital Partners was formed in 2006 and based in Charlotte, North Carolina.


DEAL STATS #
Overall 10 of 16
Sector (Education) 1 of 1
Type (Secondary Buyout) 5 of 8
State (Florida) 1 of 1
Country (United States) 10 of 16
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-05 Industry Dive

Washington, District of Columbia, United States

Industry Dive is a digital media company that publishes business news and original analysis for 2 million executives in 11 industries. Industry Dive provides premium business news, original analysis, and other information products and services to more than 7 million executives across 19 industry verticals ranging from banking and supply chain to retail and waste.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-15 Ballast Research

Washington, District of Columbia, United States

Ballast Research is a provider of federal and state advisory consulting services. Ballast Research is based in Washington, District of Columbia.

Buy -
DESCRIPTION

Bratenahl Capital Partners is a family-backed private investment group focused on fund as well as direct/co-investment opportunities. The Firm's direct investment practice seeks to commit $500K to $15 million in partnership with other funded or unfunded sponsors. Bratenahl does not have any sector preferences, but does prefer companies with diversified customers and experienced management in place. Bratenahl Capital Partners was formed in 2003 and is headquartered in Cleveland, Ohio.


DEAL STATS #
Overall 24 of 26
Sector (Education) 2 of 2
Type (Secondary Buyout) 9 of 10
State (Florida) 2 of 3
Country (United States) 20 of 22
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-14 Avtron Aerospace

Cleveland, Ohio, United States

Avtron Aerospace, Inc. is a designer and manufacturer of electrical, electronic, and hydraulic aircraft component test solutions for the global commercial and military aerospace markets. Avtron Aerospace was founded in 1953 and is based in Cleveland, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-21 Nivel Parts & Manufacturing

Jacksonville, Florida, United States

Nivel Parts & Manufacturing is an independent manufacturer and distributor of aftermarket golf car replacement parts and accessories. Nivel Parts & Manufacturing was founded in 1968 and is based in Jacksonville, Florida.

Sell -