M&A Deal Summary

Sterling Partners Private Equity Acquires Spartan

On January 8, 2013, private equity firm Sterling Partners Private Equity acquired education company Spartan

Acquisition Highlights
  • This is Sterling Partners Private Equity’s 12th transaction in the Education sector.
  • This is Sterling Partners Private Equity’s 39th transaction in the United States.
  • This is Sterling Partners Private Equity’s 1st transaction in Oklahoma.

M&A Deal Summary
Date 2013-01-08
Target Spartan
Sector Education
Buyer(s) Sterling Partners Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Spartan

Tulsa, Oklahoma, United States
Spartan provides hands-on training in aviation maintenance, avionics, nondestructive testing and quality control. Students can graduate from Spartan’s programs in anywhere from 12 to 23 months with high-demand skills. Students gain the professional training and credentials necessary to work in some of the most exciting industries and in many parts of the world. Spartan was formed in 1928 and is based in Tulsa, Oklahoma.

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Buyer(S) 1

Buyer

Sterling Partners Private Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1983
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Sterling Partners Private Equity is the private equity arm of asset management firm Sterling Partners. Sterling Partners Private Equityis focused on investing in small to medium-sized companies positioned for growth, either organically or through acquisitions. Sterling has a strong interest in businesses with differentiated products, defensible competitive positions, recurring revenues, and diversified customers. The Firm's target equity commitment size is $5 to $175 million. Broad sectors of interest include direct marketing, education, specialty distribution, specialty manufacturing, healthcare, technology, and business services. Sterling Partners was formed in 1983 and is based in Chicago, Illinois.

DEAL STATS #
Overall 41 of 62
Sector (Education) 12 of 12
Type (Buyout (LBO, MBO, MBI)) 17 of 19
State (Oklahoma) 1 of 1
Country (United States) 39 of 60
Year (2013) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-08 Pacific Interpreters

Dallas, Texas, United States

Pacific Interpreters provides high-quality language services to eliminate communication barriers and connect customers with the individuals they serve in healthcare, business, and government markets. Celebrating 20 years of service, Pacific Interpreters offers telephonic interpreting 24/7/365 in over 180 languages, document translation, and consulting services. Interpreters are experienced, medically qualified for healthcare interpreting, and have undergone rigorous testing to ensure that patients and clients can understand them.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-09 Ad-Venture Interactive

Lenexa, Kansas, United States

Ad-Venture Interactive is a provider of online integrated marketing and enrollment services to the higher education industry.

Buy -
Mergr

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