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Alpine Investors acquires FEV Tutor

Private equity firm Alpine Investors (Alpine), a Certified B Corporation committed to building enduring businesses, has acquired FEV Tutor, a K-12 research and evidence-based online tutoring platform. Terms of the transaction have not been disclosed.

Alpine’s partnership will help further FEV Tutor’s mission to develop high-quality, online learning solutions that drive change by positively impacting learning outcomes for students from all backgrounds. As part of the transaction, Jim Tormey of Alpine will be the new chief executive officer at FEV Tutor, with co-founders Anirudh Baheti and Ryan Patenaude continuing in leadership roles.
   
Jim Tormey joins FEV from Alpine’s CEO-in-Residence (CIR) Program, which allows proven executives to step into leadership roles within Alpine’s portfolio. Prior to joining FEV Tutor, Jim served as president & CEO of MidAmerica Administrative & Retirement Solutions, a third-party administrator for health and retirement benefits funding and former Alpine portfolio company.

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