Deal Details

Smith System Is Acquired by MidOcean Partners

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Summary

About

Smith System is a leading provider of workplace safety training solutions and is widely recognized as the “gold standard” provider of driver safety training for large commercial fleets. The Company’s compelling value proposition enables clients to improve employee safety, reduce costs and comply with stringent regulations. Smith System delivers its proprietary safety training content through multiple modalities (on-the-road, hybrid and eLearning) and has trained millions of drivers across 100+ countries and 15+ languages. The company was founded in 1952 and is headquartered in Arlington, Texas.

LLCP is a middle-market private equity firm with a 39-year track record of investing across various targeted sectors, including Franchising & Multi-unit, Business Services, Education & Training and Engineered Products & Manufacturing. LLCP utilizes a differentiated Structured Private Equity investment strategy, combining debt and equity capital investments in portfolio companies. LLCP believes that by investing in a combination of debt and equity securities, it offers management teams growth capital in a highly tailored, flexible investment structure that can be a more attractive alternative than traditional private equity. LLCP is headquartered in Beverly Hills, California.

MidOcean Partners is an alternative asset manager specializing in middle-market private equity and alternative credit investments. Since its inception in 2003, MidOcean Private Equity has targeted investments in high-quality, middle-market companies in the consumer and business services sectors. MidOcean Partners is headquartered in New York, New York.

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