Greybull Stewardship has announced that we have acquired an education company that helps health professionals maintain their licenses and certifications. The company, Summit Professional Education (www.summit-education.com), offers seminars each year for over 75,000 physical therapists, occupational therapists, speech therapists, K-12 teachers, and others. Greybull Stewardship partnered with the company’s CEO, Scott Vogel, to make the acquisition. Below is the press release about the acquisition.
Greybull Stewardship Acquires Leading Allied Health Education Company, Summit Professional Education
Leading Provider of Professional Continuing Education for 75,000 Allied Health Professionals Each Year Bought by Long-Term Oriented Owner, Greybull Stewardship
NASHVILLE, Tn. (December 15, 2014) – Summit Professional Education provides high-quality continuing education workshops and seminars to over 75,000 professionals each year, and it has been acquired by Greybull Stewardship in partnership with its CEO, Scott Vogel.
Summit provides workshops and seminars for physical therapists, occupational therapists, speech therapists, K-12 teachers, and others in all fifty states on a broad range of topics. The workshops are approved by many different states, accreditation agencies, certification agencies, and others which enables these professionals to meet the continuing education requirements for their profession.
“Summit is a great organization that provides high-quality workshops that really help health professionals,” said Mason Myers of Greybull Stewardship. “It is not easy to find great instructors, develop world-class content, and deliver these workshops in all fifty states. Scott Vogel is a dream CEO for this business and Summit has many competitive advantages that will allow it to do a great job for its customers for a long-time to come.”
“This is a very nice business and opportunity because of the growth in health care, the growth in continuing education requirements, and the satisfaction that comes from putting on great workshops for health professionals,” said Scott Vogel, CEO of Summit Professional Education. “We have an excellent group of instructors and team here that I love working with, and Greybull’s long-term oriented ownership will allow us to create value for our customers over a long time horizon.”
Greybull Stewardship seeks to invest in companies that are market leaders with strong competitive advantages, and supports its investments with a source of capital that allows companies to maintain their uniqueness. In pursuit of Greybull’s mission to build a perfect home for its investments that is different from most private equity investors, it utilizes an evergreen fund structure that does not force its investments to be sold on a specific time frame.
About Summit Professional Education
Nashville, Tennessee-based Summit Professional Education provides workshops and seminars each year for over 75,000 allied health professionals such as physical therapists, occupational therapists, speech therapists, K-12 teachers, and others. For more information, please visit www.summit-education.com.
About Greybull Stewardship
Mason Myers founded Greybull Stewardship in 2010 to build a portfolio of outstanding businesses and provide them a stable, long-term and supportive owner. The firm’s investors are business owners and operators themselves with experience in all areas of business management and leadership. Greybull’s evergreen fund structure and flexible investment horizon is designed to align with the objectives of portfolio company co-owners and management, comprised of growing, profitable organizations in the lower middle market. For more information visit http://greybullstewardship.com.