Thu, 10/01/2013 - 10:20
Miller Heiman has been acquired by Providence Equity Partners, a private equity firm focused on media, communications, education and information investments.
The investment from Providence will accelerate corporate growth initiatives and further Miller Heiman's presence in global markets.
Terms of the transaction were not disclosed.
Sam Reese, chief executive officer of Miller Heiman, says: "We have always shown a consistent pattern of growth and innovation, including our two recent acquisitions of Channel Enablers and Impact Learning Systems, the addition of the Miller Heiman Research Institute, and the phase-one rollout of our mobile strategy in just the last 13 months. We are poised for our next chapter of growth. Providence shares our excitement about the company's strengths and future prospects, and they have an excellent record of supporting innovative companies like Miller Heiman. Partnering with Providence is a launching pad for more significant and rapid growth."
Miller Heiman is a sales performance training and consulting firm, serving clients in over 35 countries and working with some of the most respected companies in the world. The Miller Heiman Sales System provides a framework for sales leaders to understand their performance gaps and prioritise initiatives that will have the greatest impact on driving results and improving relationships with customers.
"Miller Heiman has proven industry expertise and a long track record of success," says Steven Alesio (pictured), senior adviser to Providence Equity Partners. "We see compelling opportunities for them to grow their business around the world. With its premier brand in the sales performance space and the ability to expand on its leadership position, Miller Heiman is an excellent platform to build on in the corporate education sector, and it complements our existing portfolio of education investments. We look forward to working with Sam and the Miller Heiman team to add lasting value to the company in the years ahead."
Miller Heiman will continue to be led by its existing senior management team and maintain key offices in Reno, Nevada; Denver, Colorado; Milton Keynes, UK; and Sydney, Australia.
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