American Safety Council (ASC), a provider of e-learning training services that was acquired by Falfurrias Capital Partners in May 2014, has completed the add-on acquisition of The Online Traffic School. The acquisition will expand ASC’s footprint within existing markets and provide access to new markets.
The Online Traffic School (OLTS) is a provider of driver safety and driver improvement courses in 28 states. OLTS was founded in 1996 and is based near Los Angeles in Camarillo, CA (www.onlinetraffic.com).
American Safety Council is a provider of e-learning training services to address transportation and workplace safety, testing, medical continuing education and other regulatory-driven training on behalf of government, institutions of higher learning, business and industry, and individual clients. The company provides its training services to over 750,000 individual users annually. ASC, led by CEO Jeff Pairan, was founded in 1993 and is based in Orlando (www.americansafetycouncil.com).
ASC was Falfurrias’ platform investment in the e-learning industry and OLTS represents ASC’s first acquisition under Falfurrias ownership. “As the nation’s original provider of online traffic school, OLTS brings American Safety Council a recognized brand name and a deep network of relationships across the United States,” said Jeff Pairan, chief executive of ASC.
“The acquisition of OLTS is a significant step toward our goal of making ASC a leading provider of e-learning solutions,” said Marc Oken, Co-Founder & Managing Partner of Falfurrias. “OLTS expands ASC’s geographic reach and provides us with strong URLs for additional market penetration in the online traffic school space. An increased marketing investment should continue to drive organic growth as we integrate OLTS with ASC.”
Falfurrias Capital Partners makes equity investments of at least $3 million in companies with revenues in excess of $10 million and EBITDAs in excess of $2 million. Industries of interest include financial services; consumer products; health care; building products; diversified manufacturing; business services; education, training, and information services; and infrastructure services. The firm is based in Charlotte, NC (www.falfurriascapital.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 1-14-15