Falfurrias Capital Partners has acquired a controlling interest in American Safety Council (ASC) to support and enhance its growth under the leadership of chief executive Jeff Pairan.
Based in Orlando, Florida and founded in 1993, ASC is a provider of e-Learning training solutions to address transportation and workplace safety, testing, medical continuing education and other regulatory-driven training on behalf of government, institutions of higher learning, business and industry, and individual clients.
Falfurrias Capital, founded by former Bank of America chairman and CEO Hugh McColl Jr and former Bank of America chief financial officer Marc D. Oken, has been actively targeting investments in the e-Learning training solutions industry. ASC represents the firm’s first investment in the industry.
“Falfurrias Capital Partners is pleased to announce this strategic partnership with Jeff Pairan and ASC,” says Oken. “Jeff and his management team have done an outstanding job of growing ASC’s business, and we look forward to working with them to build on that success and help ASC realise its exciting growth potential by broadening its capabilities and expanding into new markets.”
“American Safety Council is proud of our track record of innovation, including many industry firsts, as well as our commitment to excellent customer care,” says Pairan. “We are excited about this partnership with Falfurrias Capital Partners, which will provide deep operational expertise and other resources to keep ASC at the forefront of our industry and continue to provide superior e-Learning solutions for both new and existing customers. This investment will also help ASC strengthen its partnerships with state and federal regulatory agencies and ultimately enhance our ability to quickly introduce new products and services for our partners and clients.”
