Continued Growth of Safety Training and Vocational Certification eLearning Platform
Orlando, FL (January 20, 2021) – American Safety Council (“ASC”), a leading national provider of critical training, education, and certification solutions to regulated end markets, today announced the acquisition of S/P2, a provider of 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 resume database of career tech students. Financial terms of the transaction were not disclosed.
“We are excited to welcome the S/P2 team to the ASC family,” said John Comly, CEO of American Safety Council. “Kyle, Bryce, and the whole 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.”
“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,” said Kyle Holt, President of S/P2. “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. Normandy Advisors served as a buyside advisor to ASC and Ridgemont in the acquisition of S/P2. ASC and Ridgemont are actively seeking acquisition candidates in the online training and education sector that are established leaders in their niche verticals.