Harris Williams Advises TPC Training on its Sale to American Safety Council
December 02 2021 - 11:13AM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces it advised TPC Training (TPC),
a portfolio company of Frontenac Company (Frontenac), on its sale
to American Safety Council (ASC), a portfolio company of Ridgemont
Equity Partners (Ridgemont). TPC is a provider of workforce
training; performance management; and environmental, health, and
safety (EHS) compliance software solutions for industrial and
highly regulated end-markets. The transaction was led by Erik
Szyndlar, Andy Leed, Brian Titterington, Ben de Fiebre and Matt
Calderon of the Harris Williams Technology Group.
“Through a unique combination of digital training content and
EHS software, TPC enables organizations to operate more efficiently
and better manage risk, while also enabling professionals to attain
the necessary skills to advance their careers,” said Erik Szyndlar,
a managing director at Harris Williams. “The combination of TPC and
ASC brings together two highly complementary companies that sit at
the center of workforce development and enterprise compliance. It
was a pleasure working with TPC management and Frontenac on this
transaction, and we are excited about the opportunity ahead for the
combined business.”
“TPC’s sale to ASC represents another premium transaction for
the firm within the professional education and compliance
technology sectors,” added Andy Leed, a director at Harris
Williams. “Industry-wide worker shortages, a widening skills gap
and an increasing focus on workplace safety are not only driving
strong demand for TPC’s solutions, but also fueling investment
activity across the broader market. These are powerful market
tailwinds that we expect to continue over the next decade.”
TPC is a provider of industrial skills and workplace safety
training, performance management, and EHS compliance software
solutions to organizations of all sizes, ranging from Fortune 1000
companies to small businesses and workers that span multiple
disciplines from industrial to food service. The company offers one
of the industry’s broadest libraries of technical and safety
training content, as well as software solutions to manage workforce
operations. TPC helps companies maximize the full potential of
their workforce, dramatically improve productivity, reduce downtime
and keep teams safe. TPC is headquartered in Chicago.
Frontenac is a Chicago-based private equity firm. The firm
focuses on investing in lower-middle market buyout transactions in
the consumer, industrial and services industries. Frontenac works
in partnership with established operating leaders, through an
executive-centric approach called CEO1ST, which seeks to identify,
acquire and build market-leading companies through transformational
acquisitions and operational excellence. Over the last 50 years,
Frontenac has worked with over 275 owners of mid-sized businesses
as they address complex transition issues of liquidity, management
enhancement and growth planning.
ASC is a leading online national provider of mandatory training,
education and certification solutions to regulated end markets. ASC
collaborates with federal and state agencies, higher learning
institutions, trade associations and iconic industry brands to
ensure the content of its online courses is best-in-class and
compliant with applicable laws, regulations or industry standards.
ASC is committed to helping people live safer and more productive
lives with current training offerings focused on workplace safety,
driver safety and other vocational certifications. The company is
based in Orlando, Florida.
Ridgemont is a Charlotte, North Carolina-based middle market
buyout and growth equity investor. Since 1993, the principals of
Ridgemont have invested over $5.5 billion. The firm focuses on
equity investments up to $250 million and utilizes a proven,
industry-focused investment approach and repeatable value creation
strategies. Ridgemont’s most recent flagship fund, REP III, was
formed in 2018 and has $1.65 billion of committed capital.
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.
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211202005730/en/
For media inquiries, please contact Julia Moore at
media@harriswilliams.com.
PNC Financial Services (NYSE:PNC)
Historical Stock Chart
From Aug 2024 to Sep 2024
PNC Financial Services (NYSE:PNC)
Historical Stock Chart
From Sep 2023 to Sep 2024