Deal Details

HSI Completes Minority Equity Recapitalization

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Summary

About

HSI is an environmental, health, safety and quality (EHSQ) compliance software and training platform. Through its proprietary content and integrated cloud-based technology, HSI reduces the financial and reputation risk of its customers, improves business outcomes and helps with compliance in an increasingly complex regulatory environment. HSI’s comprehensive portfolio of solutions includes workplace safety and skills training, a full-suite EHSQ platform, HR compliance and leadership training and CPR/AED training and certification. HSI is headquartered in Dallas, Texas.

Waud Capital Partners is a leading growth-oriented private equity firm with $4.6 billion of assets under management as of December 31, 2022. Waud Capital seeks to partner with strong management teams to build market-leading companies within two industries: healthcare and software & technology. Since its founding in 1993, Waud Capital has successfully completed more than 450 investments, including platform companies and follow-on opportunities. Waud Capital is headquartered in Chicago, Illinois.

Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. Neuberger Berman manages a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity, real estate and hedge funds—on behalf of institutions, advisors and individual investors globally. Neuberger Berman’s investment philosophy is founded on active management, engaged ownership and fundamental research, including industry-leading research into material environmental, social and governance factors. Neuberger Berman manages $439 billion in client assets as of September 30, 2023, and is headquartered in New York, New York.

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