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Greybull sells Summit Professional Education to Avathon Capital

Greybull Stewardship (Greybull), a private investment firm that partners with small, established businesses to help them grow and scale, has sold health professional education provider Summit Professional Education (Summit) to Avathon Capital (Avathon).

Founded in 2004, Summit is a national leader in providing continuing education for allied health professionals. The company provides continuing and professional education (CPE) courses nationwide for physical therapists, occupational therapists, and speech language pathologists through its expansive platform.

Since Greybull acquired the company in in 2014, Summit shifted from only offering in-person courses to building out a full product mix to satisfy all learning styles – including live streams, live webinars, online courses, and podcasts. The company also launched a very successful annual subscription model, transforming its sales mix from 0% to 90% recurring revenue, and grew EBITDA by 600%.

Houlihan Lokey served as the exclusive financial advisor to Summit. Financial terms of the transaction have not been disclosed.

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