Riverside has acquired LeaseHawk‘s online education unit as an add-on to its multi-family industry training platform. No financial terms were disclosed. Jones Day, Deloitte and Douglas Deal Consulting advised Riverside on the transaction while Freeport Financial provided financing.
The Riverside Company has added the online education division of LeaseHawk to its Grace Hill platform. Both entities provide professionals in the multi-family housing industry with critical training on topics with significant regulatory implications such as Fair Housing, OSHA, and sexual harassment, among others. LeaseHawk will continue to own and operate its core communications platform.
“In today’s regulatory environment, organizations must provide employees with appropriate training on topics that can have a profound impact on the company’s reputation and profitability,” said Riverside Managing Partner Loren Schlachet. “Grace Hill allows multi-family owners and property managers to outsource the burden of complex, nuanced, and often changing training to an expert that can insure compliance.”
Grace Hill provides education and training to property owners, employees and managers in the multi-family housing industry. Grace Hill serves more than 400,000 members worldwide who collectively take more than 850,000 courses annually via gracehill.com.
“The addition of the LeaseHawk education division will allow Grace Hill to combine the best of both companies’ training content and learning management software features and functionality to offer clients a best-of-breed product,” said Riverside Partner Brian Sauer.
Grace Hill continues to attract customers with its industry-leading course content and technology, which is backed by a continuous commitment to ensuring courses are current, relevant and affordable.
Riverside has completed more than 40 transactions within its Education & Training Specialization.
Working with Schlachet and Sauer on the transaction for Riverside were Operating Partner Mike Eblin, Vice President John McKernan and Associate Ryan Philyaw. Dave Kralic served as Finance Director, and Vice President Dan Haynes secured financing for the transaction.
Freeport Financial provided financing for the transaction. Riverside was advised by Jones Day, Deloitte and Douglas Deal Consulting.
About The Riverside Company
The Riverside Company is a global private equity firm focused on acquiring and investing in growing businesses valued at up to $250 million (€200 million in Europe). Since its founding in 1988, Riverside has invested in more than 360 transactions. The firm’s international portfolio includes more than 75 companies.