Deal Details

Colibri Acquires TRC

Technology & Services
Healthcare

Colibri, a portfolio company of Gridiron, acquisition of TRC, a portfolio company of LLCP

Summary

Colibri Group (“Colibri”), a portfolio company of Gridiron Capital (“Gridiron”), recently completed the acquisition of TRC Healthcare (“TRC”), a portfolio company of Levine Leichtman Capital Partners (“LLCP”). Terms of the transaction were not disclosed.

Baird served as financial advisor to Colibri on this transaction.

About

Colibri is building the future of professional education. Millions of licensed professionals start and advance their careers through the company’s online and in-person learning solutions for licensing, continuing education, test preparation, and professional development. Colibri provides a holistic learning experience for students and professionals to achieve more and thrive throughout their careers in real estate, financial services, teacher education, healthcare, valuation, and property services, among other professions. Colibri is headquartered in St. Louis, Missouri.

Gridiron Capital is an investment firm focused on partnering with founders, entrepreneurs, and management teams, and creating value by building middle-market companies into industry-leaders in branded consumer, B2B and B2C services, and niche industrial segments in the United States and Canada. Gridiron helps transform growing companies by winning together through hard work, partnerships grounded in shared values and a unique culture that comes from hands-on experience building and running businesses. As a team led by former operators and entrepreneurs, Gridiron knows what it takes to run successful businesses on a day-to-day basis. Gridiron is headquartered in New Canaan, Connecticut.

TRC is a premier source of lifelong learning solutions for healthcare professionals providing unbiased training, continuing education, clinical simulations, and resources so clinicians can provide the highest quality care to their patients and improve outcomes. TRC serves 1M healthcare professionals including pharmacists, pharmacy technicians, physicians, and nurses. Further, TRC provides enterprise subscriptions to nearly every national pharmacy chain, many of the largest, most prominent hospitals in the U.S., and the Veterans Administration. TRC is headquartered in Denver, Colorado.

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.

Technology & Services
Healthcare

Colibri, a portfolio company of Gridiron, acquisition of TRC, a portfolio company of LLCP