Riverside Adds Vivid Learning Systems to HSI
Training and compliance company enhances offerings
CLEVELAND, Ohio, March 8, 2018-- The Riverside Company has added Vivid Learning Systems (Vivid) to its Health & Safety Institute (HSI) platform. Vivid, based in Pasco, Wash., is one of the nation’s fastest-growing providers of online safety training. HSI is a national provider of comprehensive health and safety training courses for emergency care, workplace safety, health & safety services, and professional responders.
The combination combines the market strength of HSI’s Summit Training Source and CLMI brands with the diverse training options of Vivid, creating an unmatched provider of online workplace safety training topics covering areas such as Hazard Communications, OSHA 10- and 30-hour, Mine Safety, Construction Safety, Electrical Worker and Department of Transportation courses.
“We’re excited about the many benefits this transaction offers both HSI and Vivid,” said Riverside Managing Partner Suzy Kriscunas. “Vivid offers a rich library of digital courses that are frequently updated, user-friendly and hugely valuable for customers.”
Vivid’s content and programs will expand HSI’s library of courses. HSI’s Encompass EHS management platform will provide Vivid customers with solutions such as chemical management and incident reporting that will simplify customers’ safety and compliance footprint.
“This is about more than bringing new content to customers of both HSI and Vivid,” said Riverside Principal Steve Burns. “We’re thrilled to be adding Vivid’s proven sales and marketing capabilities and outstanding management team to the HSI family of brands.”
Vivid marks HSI’s third acquisition since Riverside acquired HSI in 2015. HSI continues to seek acquisition opportunities in the compliance solutions, workplace safety training and healthcare training sectors.
Working with Kriscunas and Burns on the deal for Riverside were Partner Karen Pajarillo, Senior Associate Connor Danielowski, Senior Associate John Ribble and Operating Partner Steve Stubitz. Managing Partner Jeremy Holland sourced the deal for the firm on a fully proprietary basis. Partner Anne Hayes worked on financing the transaction for the firm.
MidCap Financial and Maranon Capital provided financing for the transaction. Jones Day advised Riverside on the investment.
The Riverside Company
The Riverside Company is a global private equity firm focused on making control and non-control investments in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has invested in more than 520 transactions. The firm’s international portfolio includes more than 80 companies.
The Riverside Company
Cleveland: +1 216 344 1267
London: +44 20 3077 1923
Venture Capital Database