Quad-C Management, Inc. Announces Sale of Colibri Group to Gridiron Capital
Quad-C Management has sold its investment in Colibri Group, a provider of online learning solutions to licensed professionals in regulated end markets, to Gridiron Capital.
CHARLOTTESVILLE, VA. (PRWEB) MAY 02, 2019
Quad-C Management, Inc. (“Quad-C”), a leading middle market private equity firm, today announced it has completed the sale of its investment in Colibri Group, a leading national provider of online learning solutions to licensed professionals in regulated end markets, to Gridiron Capital, LLC (“Gridiron Capital”). Terms of the deal were not disclosed.
Since 1989, Colibri Group has been at the forefront of education for licensed professionals with numerous leading brands, including Securities Training Corporation, Elite Learning, Western Schools, Advance Healthcare Network, Real Estate Express, Allied Schools, McKissock Learning, The Institute for Luxury Home Marketing, and Superior School of Real Estate.
“We are proud to have partnered with Mike Duran and the Colibri team to create a unique platform in professional education,” said Tim Billings, Partner at Quad-C. “Colibri has more than tripled revenue over the last five years and is a leading provider of online education for real estate, healthcare and financial services professionals. We wish the talented team continued success in the future.”
“It has been a pleasure to work with the Colibri team over the past five years” said Jack Walker, Principal at Quad-C. “It was exciting to support the Company as it transformed from a real estate-centric education business to a multi-ecosystem professional education company while building a common technology platform and scalable shared services infrastructure to support future growth. We look forward to monitoring the Company’s ongoing success in the years ahead.”
“Throughout our partnership with Quad-C, Colibri Group has achieved tremendous growth as we established a nationwide presence in providing online learning solutions for licensed professionals,” said Mike Duran, Chief Executive Officer of Colibri Group. “We successfully serve more than 1.5 million licensed professionals in healthcare, real estate, financial services and other industries every education cycle. We also have plenty of room to expand when you consider more than 100 professions have mandated education requirements. We are enthusiastic that Gridiron recognizes the value of this business, and we look forward to achieving further success with our new partnership.”
Robert W. Baird & Co. acted as financial adviser and Moore & Van Allen acted as legal adviser to Quad-C and Colibri Group in connection with the transaction.
About Colibri Group
Colibri Group helps millions of licensed professionals manage and advance their careers through online learning solutions for licensing, continuing education and professional development, all powered by our proprietary ColibriConnect technology platform. ColibriConnect, a cloud-based platform, connects professionals with real-time information that is easily accessed from a user-friendly dashboard. Headquartered in St. Louis, Missouri, Colibri Group offers a seamless experience to help licensed professionals progress throughout their careers, focused on licensing, continuing education, industry news, and job opportunities for healthcare, real estate, and financial services, among other professions.
Colibri’s leading brands include Securities Training Corporation, Elite Learning, Western Schools, Advance Healthcare Network, Real Estate Express, Allied Schools, McKissock Learning, The Institute for Luxury Home Marketing, and Superior School of Real Estate. Visit colibrigroup.com for more information.
Founded in 1989 and headquartered in Charlottesville, Virginia, Quad-C is a middle market private equity firm focused on investing in well-established business services, consumer, general industrial, healthcare, specialty distribution and transportation / logistics companies. In its nearly 30-year history, Quad-C has invested over $3 billion of equity across more than 65 companies. The Quad-C team is committed to partnering with entrepreneurs and management teams to accelerate growth and create long-term value. http://www.quadcmanagement.com