M&A Deal Summary

Sales Performance International Acquires The Richardson

On November 22, 2019, Sales Performance International acquired education company The Richardson from ClearLight Partners

Acquisition Highlights
  • This is Sales Performance International’s 1st transaction in the Education sector.
  • This is Sales Performance International’s 1st transaction in the United States.
  • This is Sales Performance International’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2019-11-22
Target The Richardson
Sector Education
Buyer(s) Sales Performance International
Sellers(s) ClearLight Partners
Deal Type Merger

Target

The Richardson

Philadelphia, Pennsylvania, United States
The Richardson Co. is a provider of sales training and consulting firm. The Richardson was founded in 1979 and is based in Philadelphis, Pennsylvania.

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Buyer(S) 1

Buyer

Sales Performance International

Charlotte, North Carolina, United States
Category Company
Founded 1988
Sector Business Services
DESCRIPTION

Sales Performance Internationa is a sales and marketing management consulting firm. SPI has helped enable the world’s leading corporations to drive sustainable revenue growth through sales performance improvement.

DEAL STATS #
Overall 1 of 1
Sector (Education) 1 of 1
Type (Merger) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1

Seller(S) 1

SELLER

ClearLight Partners

Newport Beach, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ClearLight Partners LLC is a private equity firm that invests in mid-sized companies with strong cash-flow margins and limited capital intensity. ClearLight looks for US and Canadian headquartered companies with annual revenues between $25 and $250 million and EBITDA of $4 and $15 million. ClearLight targets investments across a broad range of industries with a particular interest in specialty manufacturing and distribution, business services, education and training, healthcare services, specialty finance, and consumer products and services. The Firm's target investment size is $10 to $50 million per transaction. ClearLight Partners was formed in 2000 and is based in Newport Beach, California.

DEAL STATS #
Overall 9 of 10
Sector (Education) 2 of 2
Type (Merger) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 9 of 10
Year (2019) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-24 Evriholder

Anaheim, California, United States

Evriholder designs, develops and distributes innovative, daily use housewares products sold through retailers. Its product categories include kitchen, bath, cleaning, barware and storage & organization. Evriholder was founded in 1995 and is based in Anaheim, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-25 Handel’s Ice Cream

Youngstown, Ohio, United States

Handel’s Ice Cream is an operator and franchisor of ice cream scoop shops. Handel’s currently has 45+ scoop shops across the country, with concentrations in Ohio, Pennsylvania, and California. Handel’s homemade ice cream has been made fresh daily in-store, using only the best ingredients in their proprietary recipes. Handel’s Ice Cream was founded in 1945 and is based in Youngstown, Ohio.

Buy -
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