Health & Safety Institute (HSI), a portfolio company of Waud Capital Partners, has acquired Martech Media, a provider of industrial technologies training services. Waud Capital acquired HSI from The Riverside Company in September 2019.
Martech Media (DBA Martech Training Services) provides e-learning and classroom-based training services to employees active in the electrical generation, oil and gas, public utilities, paper and pulp, and industrial processing sectors.
The company’s training curriculum includes facility operations, equipment installation, maintenance, troubleshooting, and other general industrial skills. Each year, Martech trains more than 30,000 employees in 20 different countries.
Martech was founded in 1997 by its executive director Mark Streifel and is headquartered in The Woodlands, Texas. “HSI is the perfect home for our team and our customers,” said Mr. Streifel. “Not only do our training solutions and services complement HSI’s offerings nicely, but we also share a common company culture and the belief that a more knowledgeable and skilled workforce equals a safer and more reliable workplace.”
Health & Safety Institute is a provider of emergency care training, continuing education, safety training, and chemical compliance services. Company-owned brands include American Safety & Health Institute, MEDIC First Aid, 24-7 EMS & Fire, National Training Solution, SafeTec, Summit Training Source, Vivid Learning Systems, and WorkSafe Canada. HSI, led by CEO Chad Birckelbaw, was founded in 1977 and is headquartered in Eugene, Oregon.
“We are excited to add Martech Media’s technical skills training to our growing catalog of workplace e-learning courses designed to help health, safety and operations professionals work more efficiently, safely and competently,” said Mr. Birckelbaw. “Our mission is to deliver solutions that make the workplace and community safer, and we’re thrilled that Martech Media has joined with us to expand our customer offerings.”
Chicago-based Waud Capital makes investments from $50 million to $150 million in middle-market companies with enterprise values from $50 million to $250 million that operate in the healthcare services, technology, and business services sectors. Since its founding in 1993, the firm has made more than 290 investments, including platform companies and add-on acquisitions.
© 2019 Private Equity Professional | December 5, 2019