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M&A Deal Summary

TPC Acquires Simutech Multimedia

On August 4, 2020, TPC acquired education company Simutech Multimedia

Acquisition Highlights
  • This is TPC’s 1st transaction in the Education sector.
  • This is TPC’s 1st transaction in Canada.
  • This is TPC’s 1st transaction in Ontario.

M&A Deal Summary
Date 2020-08-04
Target Simutech Multimedia
Sector Education
Buyer(s) TPC
Deal Type Add-on Acquisition

Target

Simutech Multimedia

Ottawa, Ontario, Canada
Simutech Multimedia is a provider of simulation-based training for maintenance and operations professionals across a wide range of industries. The company has helped over 500 global manufacturers, from Tyson Foods to Toyota, and 200 schools train learners in a safe, simulated environment. Using a proven systematic method, the software has helped companies hire and onboard operations and maintenance professionals faster and more efficiently leading to increased safety, lower rates of injury, and reduced downtime on the factory floor. Simutech Multimedia was formed in 1995 and is based in Ottawa, Ontario.

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Buyer(S) 1

Buyer

TPC

Buffalo Grove, Illinois, United States
Category Company
Founded 1969
Sector Education
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 3
Sector: Education M&A 1 of 3
Type: Add-on Acquisition M&A Deals 1 of 3
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2020 M&A 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 eFoodHandlers

Portland, Oregon, United States

eFoodHandlers, Inc. is an ANSI-accredited food safety training provider dedicated to delivering the highest quality eLearning experience to food workers, managers, and alcohol servers. eFoodHandlers was founded in 2009 and is based in Portland, Oregon.

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