Global private equity firm Riverside has sold ATI, a provider of post-secondary professional training at campuses in Arizona, Florida, New Mexico, Oklahoma and Texas and online, to BC Partners.
Under Riverside’s ownership, ATI has expanded its campuses from eight to 23, added an online division, and grown the number of students served from 2,300 to 15,500.
During a hold period of nearly six years, Riverside helped ATI sustain annual growth of over 30 per cent for both revenues and Ebitda. During the same time period, overall revenues and Ebitda grew by over 300 per cent and 450 per cent, respectively.
ATI is one of 18 training and education companies in which Riverside has invested. The ATI exit is the 50th in the history of Riverside.
Suzanne Kriscunas, Riverside managing partner, says: “ATI is an ideal illustration of the growth in our training and education specialisation. When we first invested in the company in 2004, we were just beginning to specifically focus on the niche. Just as ATI grew exponentially, our abilities in training and education have as well. We look forward to applying our talent and experience to future investments in this sector.”
Arthur Benjamin, ATI president and chief executive, adds: “It’s been wonderful to work with Riverside while making ATI into the premier company it is today. Riverside clearly believes in finding great people, then giving them resources and freedom to perform at their best. With Riverside, we’ve grown dramatically, and we are now poised for an even brighter future.”
