FARMERS BRANCH, Texas (PRWEB) May 01, 2020
Kalkomey Enterprises, a leading provider in the outdoor recreation sector for safety education and agency management solutions, announces its sale to Cove Hill Partners, a private equity firm based in Boston that invests in the consumer and technology industries.
“This partnership with Cove Hill will help Kalkomey not only in maintaining its leadership status in safety education and agency management solutions but also in continuing making innovations in the outdoor recreation industry,” said Jason Alexander, Kalkomey Chief Executive Officer. “We look forward to continuing to grow and evolve with Cove Hill.”
Kalkomey is a leading provider of online recreational safety education, certifications and cloud-based agency management solutions. The company serves both outdoor enthusiasts and state and local government agencies in all 50 U.S. states, as well as Australia, Canada, Guam, Mexico, New Zealand, Puerto Rico and the United Kingdom. Through its learning management system, Kalkomey delivers regulatory-approved safety education courses and certifications for a broad spectrum of outdoor recreational activities, including boating, hunting, snowmobiling, off-roading and scuba diving, among others. Each year, the company trains and certifies nearly one million outdoor enthusiasts. Additionally, Kalkomey’s agency management solutions enable state agencies to drive greater operational efficiencies of key workflows from licensing and registration, to certification and event management and compliance and reporting. Through the integration of its online safety education and agency management solutions, Kalkomey is able to deliver a single platform for recreational safety management that makes outdoor recreation more accessible, drives recreational activity participation and increases civic engagement.
Cove Hill Partners is a long-term oriented private equity firm focused on partnering with management teams in the consumer and technology industries. The firm manages a long-duration fund with over $1 billion of commitments from its investors and founders. The firm was founded in 2017 by seasoned private equity investors to invest their personal capital alongside a small group of like-minded investors. Cove Hill founders Andrew Balson, Zack Kaplan, and David Jackson have joined the Board of Kalkomey in connection with the transaction.
Harris Williams, a global investment bank specializing in M&A advisory services, advised Kalkomey in the transaction.