360training, a portfolio company of Vestar Capital Partners and GreyLion Partners, has closed two add-on acquisitions with the buys of ACLS Medical Training and Safety Provisions.
GreyLion first invested in 360training in 2018 and Vestar invested in 2022 with Grey Lion remaining a significant owner of the company.
360training is a provider of regulatory-approved online training and certification courses across a range of industries including food and beverage, real estate, environmental health and safety, healthcare, insurance and finance, power and utilities, and human resources. Company-owned brands include OSHAcampus, Learn2Serve, Agent Campus, Meditec, VanEd Real Estate School, OSHA.com, HAZWOPER Training, TIPS, HIPAA Exams, and AdvanceOnline.
360training, led by CEO Tom Anderson, was founded in 1997 and is headquartered in Austin, Texas, with additional offices in Pakistan and the Philippines.
ACLS Medical provides online medical education and certification programs to healthcare professionals including paramedics, nurses, physician assistants, nurse practitioners, and physicians.
The company’s courses provide medical personnel with the skills and knowledge needed to respond effectively in emergency situations and include protocols and techniques for advanced cardiovascular life support (ACLS), basic life support (BLS), pediatric advanced life support (PALS), and neonatal resuscitation. ACLS is headquartered in Fargo, North Dakota.
Safety Provisions is a provider of OSHA-compliant online and in-person safety training courses under the brands Hard Hat Training, Ag Safety Training, and Med Safety Training. The company’s courses – offered to both individuals and companies – range across more than a dozen industries including agriculture, construction, education, forestry, manufacturing, medical, mining, railroad, telecommunications, transportation, and warehousing. Safety Provisions is headquartered 250 miles north of Salt Lake City in Rexburg, Idaho.
The buys of ACLS and Safety Provisions is part of 360training’s strategic growth plan to diversify and expand its course offerings to more learners. “We are excited to welcome ACLS and Safety Provisions to the 360training family,” said Mr. Anderson. “Their expertise in workplace safety and medical training complements our existing offerings and strengthens our position as a leading provider of online training solutions.”
GreyLion makes both minority and control investments of $25 million to $125 million in lower middle-market companies that are active in the consumer, industrial, software and services sectors. New York City-based GreyLion was formed in June 2020 when PWP Growth Equity spun out from Perella Weinberg.
Vestar specializes in both minority and control management buyouts and growth capital investments. Sectors of interest include consumer, business and technology services, and healthcare. Since Vestar’s founding in 1988, the firm has completed more than 90 platform investments with a total value of more than $52 billion. Vestar has offices in New York City and Denver.
© 2023 Private Equity Professional | May 26, 2023
