M&A Deal Summary

TPG and Ridgemont Equity Partners Acquire Teachers of Tomorrow

On September 2, 2021, private equity firms TPG and Ridgemont Equity Partners acquired education company Teachers of Tomorrow from Gauge Capital

Acquisition Highlights
  • This is TPG’s 10th and Ridgemont Equity Partners’ 4th transaction in the Education sector.
  • This is TPG’s 252nd and Ridgemont Equity Partners’ 109th transaction in the United States.
  • This is TPG’s 32nd and Ridgemont Equity Partners’ 31st transaction in Texas.

M&A Deal Summary
Date 2021-09-02
Target Teachers of Tomorrow
Sector Education
Buyer(s) TPG
Ridgemont Equity Partners
Sellers(s) Gauge Capital
Deal Type Secondary Buyout

Target

Teachers of Tomorrow

Houston, Texas, United States
Teachers of Tomorrow provides accredited pre-certification training, research-based test preparation, and ongoing professional development. Teachers of Tomorrow was founded in 2005 and is based in Houston, Texas.

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Buyer(S) 2

Buyer

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.

DEAL STATS #
Overall 390 of 421
Sector (Education) 10 of 10
Type (Secondary Buyout) 62 of 72
State (Texas) 32 of 34
Country (United States) 252 of 276
Year (2021) 13 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-30 Medical Solutions

Omaha, Nebraska, United States

Medical Solutions is a healthcare staffing firm that specializes in placing registered nurses and allied professionals in temporary travel assignments. With offices in Omaha, San Diego, Cincinnati, and Tupelo. Medical Solutions was founded in 2001 and is based in Omaha, Nebraska.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-07 Life Time

Chanhassen, Minnesota, United States

Life Time operates sports, athletic, fitness, and family recreation centers offering premium amenities and services in a resort-like setting. Life Time was founded in 1992 and is based in Chanhassen, Minnesota.

Sell -
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 123 of 133
Sector (Education) 4 of 4
Type (Secondary Buyout) 23 of 24
State (Texas) 31 of 32
Country (United States) 109 of 118
Year (2021) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 Sparus

Peachtree Corners, Georgia, United States

Sparus is a provider of outsourced utility field services and project management outsourcing services through its wholly-owned subsidiaries, Southern Cross Corporation and The Spear Group. Sparus was founded in 1946 and is based in Peachtree Corners, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-07 Allied 100

Bannockburn, Illinois, United States

Allied 100 is a distributor and retailer of automated external defibrillators (AEDs), AED supplies and accessories, and advanced life support monitors. The company offers a comprehensive product selection via its dynamic websites and provides expert customer support to medical professionals and other users of these life-saving devices throughout North America. Allied 100 was established in 2002 and is based in Madison, Wisconsin.

Sell -

Seller(S) 1

SELLER

Gauge Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2013
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Gauge Capital is a lower middle-market private equity firm focused on acquiring companies throughout the US and Canada. Gauge seeks businesses operating in the business services, healthcare services, consumer products, and food sectors. The Firm targets companies with $5 to $40 million of EBITDA. Prospective transaction situations include management buyouts, recapitalizations, divestitures, take privates, consolidations, and growth capital financings. Gauge Capital was formed in 2013 and is headquartered in Southlake, Texas.

DEAL STATS #
Overall 6 of 9
Sector (Education) 1 of 1
Type (Secondary Buyout) 3 of 4
State (Texas) 1 of 1
Country (United States) 6 of 9
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-24 CENTEGIX

Atlanta, Georgia, United States

CENTEGIX is a provider of location-aware emergency communications, provided through an IoT and SaaS platform. The Company's platform, CrisisAlert, is enabled by a wearable badge with a single button which staff members push in the event of any type of emergency, from the everyday to the extreme. Once activated, the platform alerts first responders of the emergency situation and initiates audio and visual notifications across the entire campus. CENTEGIX is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 IRTH Solutions

Columbus, Ohio, United States

IRTH Solutions is a provider of software and services to the underground utility damage prevention industry. Irth's customers include blue-chip utilities, telcos, pipeline operators and municipalities. Irth's software enables its customers to receive underground construction activity notifications from One Call Centers electronically via irth’s software, replacing traditional fax and email delivery methods with electronic screen notifications efficiently and accurately using geographic information systems (GIS) to streamline the customer's ticket management process. IRTH Solutions was founded 9in 1985 and is based in Columbus, Ohio.

Sell -
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