Harris Williams Advises International Sports Sciences Association (ISSA) on its Sale to Tailwind Capital
March 02 2021 - 11:44AM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces it advised International
Sports Sciences Association (ISSA), a portfolio company of the
BERKS Group, on its sale to Tailwind Capital (Tailwind). ISSA is a
pioneer in eLearning and certification for the fitness and wellness
community. The transaction was led by Sam Hendler, Andy Leed and
Ben de Fiebre of the Harris Williams Technology Group and Zach
England and Christopher Neils of the firm’s Consumer Group.
“It was a pleasure working with the teams at ISSA and the BERKS
Group,” said Sam Hendler, a managing director at Harris Williams.
“Under the leadership of CEO and industry veteran Andrew Wyant,
ISSA has become a leader in the fitness and wellness certification
industry, and we look forward to watching the company’s continued
success and growth under new ownership.”
“We are very proud of ISSA’s explosive growth while partnered
with the BERKS Group’s education technology team,” said Brian
Bradley, BERKS Group president. “Harris Williams recognized the
quality of the company and facilitated a buyer engagement strategy
that was a win for everyone.”
“We are excited to see how ISSA will continue to evolve in
partnership with Tailwind over the coming years,” said Andy Leed, a
director at Harris Williams. “This transaction extends our
experience in the professional education sector and is further
proof that best-in-class companies like ISSA will continue to
command strong market interest despite uncertain economic
conditions.”
“This transaction marks another successful outcome in the
fitness space for Harris Williams,” said Zach England, a director
at Harris Williams. “As we continue to see a growing convergence
across technology and fitness, we expect there to be more
transactions that will benefit from collaboration across our
Consumer Group and Technology Group at Harris Williams.”
ISSA is the premier eLearning platform to the global fitness and
wellness industry. Each year, ISSA educates thousands of
professionals and knowledge seekers across a broad set of
disciplines, including personal training, yoga, health coaching,
nutrition, cycling, and strength and conditioning. For more than 30
years, ISSA has been committed to providing the highest quality
certification program by merging fitness experience with practical
applied sciences and building trust to help people achieve their
goals. ISSA offers more than 20 specialized fitness and wellness
certifications with over 8,000 established employer relationships.
To date, ISSA has trained more than 300,000 students and placed
personal trainers in over 140 countries, all while continuing to
develop greater access to opportunities that promote a healthier
world.
The BERKS Group is an investment company led by the third and
fourth generations of the Bradley family. They seek to invest on a
long-term basis in growth businesses. The BERKS Group’s mission is
to build long-term value by partnering with exceptional management
teams to achieve their strategic goals.
Tailwind is a middle market private equity firm focused on
growth-oriented investments in targeted sectors within technology
and business services, healthcare and industrial services. Tailwind
partners with experienced management teams and entrepreneurs to
transform businesses through organic growth initiatives,
acquisitions, and operational and strategic investments. Since
inception, Tailwind has managed $3.7 billion of committed equity
capital, and has invested in 46 portfolio companies and over 125
add-on acquisitions.
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 Technology Group advises leading private and
public companies, founders, and private equity, growth equity and
venture capital firms on mergers and acquisitions and
capital-raising transactions worldwide. The Technology Group has
deep domain expertise in software and technology-enabled services
and dedicated focus areas across a variety of vertical software
applications and end markets. For more information on the
Technology Group and its recent transactions, visit the Technology
Group’s section of the Harris Williams website.
The Harris Williams Consumer Group has completed more than 60
transactions in recent years across a variety of verticals,
including consumer services; branded consumer products; food,
beverage and agribusiness; and restaurant and retail. For more
information on the Harris Williams Consumer Group and other recent
transactions, visit the Consumer 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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For media inquiries, please contact Julia Moore at
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