Alston & Bird client Ridgemont Equity Partners has acquired American Safety Council (ASC), a national leader in online workforce training, education, and certification, from private equity firm Falfurrias Capital.
The transaction positions Ridgemont to capitalize on the ongoing shift from classroom learning to a digital setting, a trend accelerated by the COVID-19 pandemic and a changing regulatory landscape that is driving requirements for more training and continuing education programs for employees.
Located in Orlando, FL, ASC provides training to more than 2 million customers each year in collaboration with federal and state agencies, higher-learning institutions, trade associations, and iconic industry brands.
Ridgemont is a Charlotte-based middle market buyout and growth equity investor. Since 1993, Ridgemont has invested approximately $4.4 billion, focusing on equity investments up to $250 million in such sectors as business and industrial services, energy, health care, and technology and telecommunications.
Advising Ridgemont is an Alston & Bird team led by partner Mark Kelly and senior associate Ben Weadon, with assistance from partner Scott Kummer, senior associates Dan Rowe and Kristen Whitt, and associate Maureen Harmon (Corporate & Business Transactions); partner Matthew Wrysinski and senior associates Jonathan Forgang and Lindsey Arthur (Finance); partners Mike Stevens, Blake MacKay, and Kyle Woods (Employee Benefits & Executive Compensation); partner John Baron and senior associate Danny Reach (Federal & International Tax); partner Chris Gegg (Intellectual Property); and partner Brett Coburn (Labor & Employment).