American Safety Council, which is owned by Falfurrias Capital Partners, has acquired The Online Traffic School. No financial terms were disclosed. Based in Camarillo, Calif., OLTS is a provider of traffic school, defensive driving and driver education.
CHARLOTTE, N.C. (Jan. 12, 2015) — American Safety Council, a market leader in the engineering, authoring and delivery of e-Learning training solutions, today announced the acquisition of The Online Traffic School and related businesses (collectively referred to as “OLTS”). OLTS joins American Safety Council (“ASC”), which was acquired by Falfurrias Capital Partners in May 2014, to support and enhance ASC’s growth under the leadership of CEO Jeff Pairan.
Based in Camarillo, Calif., and founded in 1996, OLTS is an e-Learning provider of 45 driver safety and driver improvement courses across 28 states. The acquisition will expand ASC’s footprint within existing markets and provide access to new markets.
“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.
Falfurrias Capital Partners, founded by former Bank of America Chairman and CEO Hugh McColl Jr. and former Bank of America CFO Marc D. Oken, has been actively targeting investments in the e-Learning training solutions industry. ASC was the firm’s platform investment in the industry and OLTS represents ASC’s first acquisition under Falfurrias ownership.
“The acquisition of OLTS is a significant step toward our goal of making ASC a leading provider of e-Learning solutions,” said Oken. “OLTS expands ASC’s geographic reach and provides us with strong URLs for additional market penetration in the online traffic school space. Increased marketing investment should continue to drive organic growth as we integrate OLTS with ASC.”
About The Online Traffic School and Related Businesses
OLTS is a recognized leader in traffic school, defensive driving, and driver education. Since creating the nation’s first online traffic school in 1996, OLTS has graduated over four million students and earned an excellent track record of customer satisfaction.
For more information on OLTS products and services, visit the company website at http://www.onlinetraffic.com/.
About American Safety Council
The American Safety Council develops e-Learning solutions and provides alternative delivery method courses to over 750,000 individual users annually. ASC and its affiliated organizations offer online traffic and workplace safety training, and regulatory-driven, professional continuing education programs, in association with state and federal regulatory agencies and court systems. For more information on American Safety Council products and services, visit the company website at www.americansafetycouncil.com.
About Falfurrias Capital Partners
Falfurrias Capital Partners is a Charlotte-based private equity investment firm founded in 2006 by Hugh McColl Jr., former chairman and CEO of Bank of America, and Marc Oken, former CFO of Bank of America. The firm is focused on acquiring or investing in a diverse portfolio of growth oriented middle market companies. By leveraging the extensive strategic and operational experience and business relationships of the firm’s principals, Falfurrias Capital Partners is positioned to be a value added partner for both its portfolio companies and its limited partners. For more information, visit www.falfurriascapital.com.