Avathon Capital, a Chicago, IL-based private equity firm investing in lower middle-market companies in the education and workforce markets, acquired Summit Professional Education, a Franklin, TN-based provider of in-person and online continuing and professional education (“CPE”) courses for physical therapists and assistants, occupational therapists and assistants, and speech language pathologists.
The amount of the deal was not disclosed.
In partnership with the incoming executive team, Avathon will help the company accelerate its go-to-market strategy, expand its content library organically, and has already begun pursuing several acquisition targets across the healthcare and financial services end-markets.
Founded in 2004, Summit has established itself as a player in the CPE landscape, having educated over 400,000 students since inception and offering more than 1,500 courses nationwide. Its extensive course library, coupled with its experienced base of over 100 instructors and technology platform, makes it a resource for health care professionals seeking to maintain licensure and enhance their skills through educational offerings.
FinSMEs
16/05/2024