Career Step LLC, which is backed by Revelstoke Capital Partners, has closed its acquisition of Provo, Utah-based Emergency Certifications Inc, a provider of online career-focused training programs for the healthcare industry. No financial terms were disclosed. Greene Holcomb & Fisher LLC served as financial advisor to Emergency Certifications on the deal.
Provo, UT (June 12, 2015) – Career Step, LLC (“Career Step”), a portfolio company of Revelstoke Capital Partners (“Revelstoke”), a Denver-based private equity firm, has completed the acquisition of Emergency Certifications, Inc. (“Emergency Certifications”, “ACLS” or the “Company”).
Career Step, based in Provo, Utah, is a leading provider of online, career-focused training programs in the high-growth healthcare sector. Career Step offers high quality, cost effective, job-specific training solutions that help learners and corporate employees quickly gain career skills and prepare to sit for nationally recognized certifications. The Company has proprietary course content developed by industry experts and distributed through a robust online learning management system.
Based in Kirkland, Washington, Emergency Certifications is a market-leading provider of online continuing education in the healthcare space. ACLS provides Advanced Cardiac Life Support, Basic Cardiac Life Support, and Pediatric Advanced Life Support training via online courses written by licensed physicians who are experts in clinical interventions and protocols provided by the American Heart Association. The Company addresses the 7+ million professionals who require various healthcare certification or recertification courses in the United States. The Company maintains dozens of unique domains which support its ability to reach a large and diverse customer base.
“We are excited to expand the scope of our services to reach the vast ACLS, BCLS and PALS certification market,” said Stephen Tober, President and CEO of Career Step. “Emergency Certifications has built a reputation as a quality provider of online continuing education through its array of online courses. We are pleased and the team is energized to have the opportunity to continue this success under the Career Step umbrella.”
“I am confident that the resources and expertise that Career Step brings will enable ACLS.com to accelerate its mission to offer a fast, easy and efficient platform to certify the growing number of healthcare professionals in ACLS, BCLS and PALS training,” commented Amin Pezeshk, CEO and Founder of Emergency Certifications.
Hogan Lovells US LLP acted as legal advisor to Career Step in the transaction. Greene Holcomb & Fisher LLC acted as exclusive financial advisor to Emergency Certifications, Inc. in the transaction.
About Emergency Certifications, Inc.:
Emergency Certifications is a leader in American Heart Association based training, offering fast, convenient, and 100% online ACLS, PALS, BLS and NRP certification and recertification courses that can be completed in several hours from any computer, tablet or smartphone. The Company’s nationally and internationally recognized online programs, created by licensed and certified U.S. physicians, follows current AHA and ECC guidelines.
About Career Step:
Career Step, an online provider of career-focused education and corporate training, has trained over 85,000 students, has more than 150 partnerships with colleges and universities nationwide, and provides training for some of the most respected healthcare employers in the nation. Career Step is committed to helping students and corporate employees alike gain the skills they need to be successful in the workplace, improving lives and business results through education.
Revelstoke is a private equity firm formed by experienced investors who focus on building industry-leading companies. Revelstoke strives to partner with management teams to execute on a disciplined organic and acquisition strategy to build exceptional companies. Revelstoke’s Managing Partners, Mark King, Dale Meyer and Simon Bachleda, have completed over 100 platform and add-on acquisitions, representing over $5 billion of total enterprise value.