Orlando, Florida-based American Safety Council (ASC), a national provider of training, education, and certification solutions to regulated industries and professions, has acquired S/P2, which provides online safety and professional training and credentialing for career technical schools and the automotive, heavy-duty/diesel, welding, construction, cosmetology and culinary industries.
In addition to its core online training business, S/P2 maintains the industry’s largest database of career tech students’ resumes.
John Comly, chief executive of ASC, said: “The S/P2 team have built an impressive online offering serving attractive industries that are very complementary to ASC’s core end markets. Together, we will now be able to offer an expanded set of digital courses for professionals seeking to enter the skilled workforce and/or enhance their skills and careers.”
Kyle Holt, president of S/P2, added: “ASC is the clear leader in providing online education to regulated industries, given the quality of their digital content and ability to attract customers to their platform. ASC has earned a great reputation in our business – it was very important to us to find a partner who values the same type of workplace culture as S/P2 and commitment to safety standards and professional advancement.”
American Safety Council is a portfolio company of Ridgemont Equity Partners, a middle market private equity firm based in Charlotte, North Carolina.
ASC and Ridgemont said they are actively seeking acquisition candidates in the online training and education sector that are established leaders in their niche verticals.
Normandy Advisors was a buyside advisor to ASC and Ridgemont in the acquisition of S/P2.
Financial terms of the transaction were not disclosed.
Date published: 22 January 2021