Harris Williams & Co. Advises Health & Safety Institute on its Sale to The Riverside Company

May 19, 2015

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the sale of Health & Safety Institute, Inc. (HSI), a portfolio company of DW Healthcare Partners, to The Riverside Company (Riverside). HSI is a premier provider of emergency care, workplace safety, professional responder and health and safety compliance training. The transaction was led by Todd Morris, Andy Dixon and Andrew Hewlett of Harris Williams & Co.’s Healthcare & Life Sciences (HCLS) Group and Mike Wilkins of the firm’s Technology, Media & Telecom (TMT) Group.

"We are thrilled to have represented HSI’s shareholders in this transaction. HSI’s history of innovation and outstanding product quality, customer service and dedication to helping save lives has positioned it for strong continued growth and success in partnership with Riverside," said Todd Morris, a managing director in Harris Williams & Co.'s HCLS Group. "The transaction is indicative of the strong interest that we have seen from both strategic and financial acquirers in the health education and training sector."

Mike Wilkins, a managing director at Harris Williams & Co. added, “HSI is well positioned to capitalize on training industry trends driving demand for its online and mobile products and services. We expect to see additional growth and consolidation in the broader education and training markets.”

Founded in 1978, HSI provides complete emergency care training, continuing education and safety training solutions to corporations, agencies, organizations and independent training entrepreneurs. The company’s training products and services are supported by innovative technologies, robust administrative systems and exceptional customer service to provide training that builds the confidence to respond to emergencies and helps organizations remain in compliance with federal, state and local regulations. HSI is headquartered in Eugene, Oregon with offices in Michigan and Canada.

DW Healthcare Partners is a private equity firm focused exclusively on the healthcare industry. The firm manages over $500 million in committed capital and invests in profitable healthcare companies with proven management teams. The firm was founded in 2002 and is headquartered in Park City, Utah with an additional office in Ontario.

Riverside, co-headquartered in New York and Cleveland, is a global private equity firm focused on acquiring growing businesses valued at up to $300 million (€200 million in Europe). Since its founding in 1988, Riverside has invested in more than 380 transactions. The firm’s international portfolio includes more than 75 companies.

Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide.  The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Harris Williams & Co.’s HCLS Group has experience across a broad range of sectors, including healthcare IT; alternate site care; managed care and cost containment services; medical devices, products and distribution; outsourced clinical and practice management services; and outsourced pharma services. For more information on the HCLS Group and other recent transactions, visit the HCLS Group’s section of the Harris Williams & Co. website.

Harris Williams & Co.’s TMT Group has experience across a broad range of sectors, including software, internet and digital media and infrastructure solutions. Within these segments, the TMT Group focuses on targeted subsectors including application software, data and informatics, eCommerce, education technology, energy technology, financial technology, healthcare IT, infrastructure software, IT and tech-enabled services, mobile, online advertising and marketing services, public sector software and telecom, data center and networking solutions. For more information on the firm’s TMT Group and other recent transactions, visit the TMT Group’s section of the Harris Williams & Co. website.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorized and regulated by the Financial Conduct Authority.  Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.