The Colibri Group, a portfolio company of Quad-C Management, has acquired Securities Training Corporation (STC), a provider of in-person and online financial examination training.
STC training includes preparation for Financial Industry Regulatory Authority (FINRA) examinations and insurance (life, health and accident) pre-licensing courses for all 50 states. The company also offers continuing education courses. Since its founding in 1969, STC has assisted over 1,000,000 candidates pass FINRA regulatory exams. Paul Weisman, the current CEO of STC, will continue to lead the STC business as will the rest of the STC management team. STC is headquartered in New York with branch offices in Chicago, San Francisco and Boston (www.stcusa.com).
The Colibri Group, acquired in August 2014, is an online provider of continuing education programs to professionals in the real estate, health care and personal care markets. Company brand names include McKissock, Real Estate Express, The Institute for Luxury Home Marketing, Elite Professional Education, and Superior School of Real Estate. The company is led by CEO Mike Duran and is headquartered near San Francisco in Redwood City, CA (www.colibrigroup.com).
“We have been looking for a compelling opportunity in financial services training and education for some time and found it with STC,” said Mr. Duran. “Paul Weisman and his management team have done a remarkable job building out deep expertise in securities training, and we’re excited to be working with them to support their growth strategies going forward.”
Quad-C invests from $35 million to $125 million of equity in companies with enterprise values of $75 million to $400 million. The firm was founded in 1989 and is headquartered in Charlottesville (www.quadcmanagement.com).
New York based investment bank Berkery Noyes (www.berkerynoyes.com) was the financial advisor to STC.
© 2016 Private Equity Professional • 7-21-16