Deal Details

ASC Adds TPC

Technology & Services

ASC, a portfolio company of Ridgemont, acquisition of TPC, a portfolio company of Frontenac

Summary

American Safety Council (“ASC”), a portfolio company of Ridgemont Equity Partners (“Ridgemont”) has completed the acquisition of TPC Training (“TPC” or the “Company”), a portfolio company of Frontenac Capital (“Frontenac”). Terms of the transaction were not disclosed.

Baird served as the exclusive financial advisor to American Safety Council on this transaction.

About

American Safety Council provides critical training and education to more than two million customers each year. ASC collaborates with federal and state agencies, higher learning institutions, trade associations and iconic industry brands to ensure the content of the Company’s online courses is best-in-class and compliant with applicable laws, regulations or industry standards. ASC is committed to helping people live safer, more productive lives with current training offerings focused on workplace safety, driver safety, and other vocational certifications. ASC is based in Orlando, Florida.

Ridgemont Equity Partners is a middle market buyout and growth equity investor. Since 1993, the principals of Ridgemont have invested over $5 billion. The firm focuses on equity investments up to $250 million and utilizes a proven, industry-focused investment approach and repeatable value creation strategies. Ridgemont’s most recent flagship fund, REP III, was formed in 2018 and has $1.65B of committed capital. Ridgemont is headquartered in Charlotte, North Carolina.

TPC Training is a provider of industrial skills and workplace safety training, performance management, and EHS compliance software solutions to organizations of all sizes, ranging from Fortune 1000 companies to small businesses and workers that span multiple disciplines from industrial to food service. The Company offers one of the industry’s broadest libraries of technical and safety training content, as well as software solutions to manage workforce operations. TPC helps companies maximize the full potential of their workforce, dramatically improve productivity, reduce downtime and keep teams safe. TPC is headquartered in Chicago, Illinois.

Frontenac is a private equity firm focused on investing in lower middle market buyout transactions in the consumer, industrial, and services industries. Frontenac works in partnership with established operating leaders, through an executive-centric approach called CEO1ST, which seeks to identify, acquire, and build market-leading companies through transformational acquisitions and operational excellence. Over the last 50 years, Frontenac has built a leading franchise working with over 275 owners of mid-sized businesses as they address complex transition issues of liquidity, management enhancement, and growth planning. Frontenac is headquartered in Chicago, Illinois.

Technology & Services

ASC, a portfolio company of Ridgemont, acquisition of TPC, a portfolio company of Frontenac