Eureka Equity Partners Announces Acquisition of iPEC Coaching
PHILADELPHIA, Pa., November 20, 2020-- Eureka Equity Partners (“Eureka”) today announced the acquisition of Perfect Creation, Inc., d/b/a iPEC Coaching (“iPEC”, or the “Company“), a leading provider of coach training and certification solutions to the worldwide professional coaching industry. Eureka partnered with iPEC’s senior management team in its acquisition of iPEC, representing Eureka’s second platform investment in its recently closed Eureka IV, L.P.
Headquartered in Shrewsbury, New Jersey and accredited by the International Coaching Federation, iPEC offers coaching certifications to its students through both fully virtual and live training formats in North America, Europe, and Asia. In addition to its core training and certification business, the Company also provides training and coaching services to corporations and business support tools to the professional coach industry.
“We are very excited to partner with CEO Joan Ryan and the rest of the outstanding team at iPEC in the next phase of the Company’s growth,” said Chris Miller, a Partner with Eureka who joined the Board of iPEC at the close of the transaction. “iPEC’s proprietary content and unique pedagogy have combined to drive both professional and personal transformational development for its program participants. We look forward to supporting the Company’s continued growth and expansion into complementary service lines to further support its highly loyal alumni base of over 15,000 graduates.” Lisa Millhauser, a Principal with Eureka, also joined the Board of iPEC at the close of the transaction.
“iPEC Coaching has always been focused on creating a tremendous and positive impact in the world,” stated iPEC CEO Ms. Ryan. “Selecting the right partner to help us grow that impact meant finding a group that was aligned with our values of integrity, community, honesty, and openness. Throughout the entire process, Eureka demonstrated those values along with a deep commitment to our team.”
“As a highly sought after Company, we were in a great position to be extremely selective in finding the right partner, and from moment one in our interactions, the Eureka team made it very clear to us that they were exactly what we were hoping for,” added iPEC’s founder Bruce Schneider. “We look forward to the continued interactions with Eureka and expect that their resources, knowledge base, and determination will ensure a continued history of exponential growth while, at the same time, truly enjoying the journey.”
About Eureka Equity Partners
Eureka Equity Partners is a private equity firm targeting niche market leaders with up to $100 million in revenue across industry segments in which Eureka brings significant experience and operating resources, including business services, health care services, specialty manufacturing and consumer products. Eureka focuses on partnering with proven managers to drive the growth of promising companies into outstanding enterprises. Eureka leads buyouts that bring significant ownership to the operators driving the success of the business. With this core principle that aligns the interests of our operators and our investors, Eureka is also experienced and comfortable effecting minority recapitalizations with flexible investment structures designed to uniquely meet the needs of the company, its management team and other shareholders. More information about Eureka Equity Partners can be found at www.eurekaequity.com.
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