Harris Williams Advises Kalkomey Holdings, LLC on its Sale to Cove Hill Partners
April 30 2020 - 1:16PM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces that it advised Kalkomey
Holdings, LLC (Kalkomey), a portfolio company of Inverness Graham,
on its sale to Cove Hill Partners (Cove Hill). Kalkomey is a
leading provider of online recreational safety education and
cloud-based agency management solutions to both government agencies
and outdoor enthusiasts. The transaction was led by Mike Wilkins,
Tyler Dewing, Andy Leed, Brian Titterington and Ben de Fiebre of
the Harris Williams Technology, Media & Telecom (TMT)
Group.
“It was a pleasure working with Kalkomey’s management team and
Inverness Graham on this transaction,” said Mike Wilkins, a
managing director at Harris Williams. “Under the leadership of CEO
Jason Alexander, Kalkomey has become one of the largest e-learning
and software providers to the outdoor recreation sector through a
combination of strong organic growth and strategic M&A.”
“We are excited to see how Kalkomey will continue to evolve in
partnership with Cove Hill over the coming years,” said Andy Leed,
a director at Harris Williams. “This transaction extends our
experience advising premier companies in the education and
government technology sectors, having completed eight transactions
in the space over the last two years. It’s also a testament that,
although market dynamics may be challenging and are leading to less
traditional M&A, transactions are still closing.”
Kalkomey is a leading provider of online recreational safety
education, certifications and cloud-based agency management
solutions. The company serves both outdoor enthusiasts and state
and local government agencies in all 50 U.S. states, as well as
Australia, Canada, Guam, Mexico, New Zealand, Puerto Rico and the
United Kingdom. Through its modern learning management system,
Kalkomey delivers regulatory-approved safety education courses and
certifications for a broad spectrum of outdoor recreational
activities, including boating, hunting, snowmobiling, ATVs and
scuba diving, among others. Each year, the company trains and
certifies nearly one million outdoor enthusiasts. Additionally,
Kalkomey’s agency management solutions enable state agencies to
drive greater operational efficiencies of key workflows from
licensing and registration, to certification and event management,
to compliance and reporting. Through the integration of its online
safety education and agency management solutions, Kalkomey is able
to deliver a single platform for recreational safety management
that makes outdoor recreation more accessible, drives recreational
activity participation and increases civic engagement.
Headquartered in Newtown Square, Pennsylvania, Inverness Graham
is an operationally focused private investment firm that has raised
approximately $1 billion of assets. Inverness Graham acquires
innovative tech-enabled manufacturing, service and software
companies. Founded by senior executives of the Graham Group, a
family owned multi-national industrial company, the firm brings
premier resources, developed over a 50-year operating history to
support its portfolio companies. Inverness Graham partners with
businesses to provide the financial and operational support
necessary to accelerate growth while enabling owners to achieve
their key liquidity objectives.
Cove Hill Partners is a long-term oriented private equity firm
focused on partnering with management teams in the consumer and
technology industries. The firm manages a long-duration fund with
over $1 billion of commitments from its investors and founders. The
firm was founded in 2017 by seasoned private equity investors to
invest their personal capital alongside a small group of likeminded
investors.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams TMT Group advises leading private and public
companies, entrepreneurs, private equity firms and venture capital
firms on mergers and acquisitions and capital-raising transactions
worldwide. The TMT Group has deep domain expertise in the
Software/SaaS and Internet & Digital Media segments, with
particular emphasis on specific verticals including education
technology, data analytics, energy technology, fintech, public
sector and supply chain/logistics—with a dedicated healthcare
technology (HCIT) practice. Across verticals, the firm also advises
technology services and networking solutions businesses. For more
information on the TMT Group and its recent transactions, visit the
TMT Group’s section of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
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