(PRWEB) September 10, 2012
OnCourse Learning (OnCourse), a portfolio company of The Riverside Company has acquired CompuTaught, a provider of online training courses and print resources for real estate broker, appraisal, mortgage and home inspection licensing. OnCourse is a provider of professional training for multiple industries.
Based in Atlanta, CompuTaught sells through a partner affiliate and school distribution network and via careerwebschool.com and californialicense.com.
The acquisition is the fifth add-on to OnCourse. The other additions to OnCourse were QuickCert.com (2007), American Home Inspectors Training Institute (2007), TrainingPro (2008) and ProSchools (2010).
“CompuTaught broadens our real estate training and appraisal customer base, capabilities and content,” said OnCourse CEO Patrick Sheahan. “This fits nicely with our company’s market-leading mortgage and home inspection offerings. We anticipate growth in this sector in the coming years as the real estate industry recovers.”
CompuTaught had been a division of Cengage Learning, and Riverside believes the company will be a strong complement to the OnCourse platform. Riverside will leverage its resources and experience in the education and training industry to continue to grow the combined company.
“We have deep experience integrating corporate orphans and completing carve-outs,” said Riverside Managing Partner Loren Schlachet. “We expect this transaction to benefit customers of both CompuTaught and OnCourse while driving growth.”
CompuTaught is Riverside’s 27th acquisition in its education and training specialization. It is one of several specializations where the firm has deep experience, dedicated teams of experts, and resources to drive growth.
Working on the transaction with Schlachet from Riverside were Principal Brian Sauer, Associate Istvan Nadas, Operating Partner David Logan and Finance Director David Pecore.
US Bank provided financing for the transaction. Jones Day and Drinker Biddle provided legal counsel on the transaction, and McGladrey provided accounting due diligence.
The Riverside Company (http://www.riversidecompany.com or http://www.riversideeurope.com)
The Riverside Company is a global private equity firm focused on acquiring growing businesses valued at up to $200 million (€200 million in Europe). Since its founding in 1988, Riverside has invested in more than 295 transactions. The firm’s international portfolio includes more than 70 companies, and it has more than $3 billion/€2.5 billion in assets under management.