Grace Hill Announces Relationship with Investment Partner, The Riverside Company
Riverside to help leading multifamily industry education provider prepare for next evolution of growth.
AUGUSTA, Ga. - Aug. 20, 2014 - PRLog -- Grace Hill, Inc., the leading provider of online education and learning management solutions for the multifamily housing industry, has announced its relationship with investment partner, The Riverside Company, as the firm prepares to accelerate growth and introduce new training products and education services for multifamily housing professionals.
“Our new relationship with Riverside allows us to take full advantage of being the leader in multifamily education,” said Joe Bailey, CEO and co-founder of Grace Hill, Inc. “Their understanding of the eLearning sector as well as a commitment to great customer service made them an obvious choice for us in selecting the right partner to expand our reach. We are extremely excited about our future."
The Riverside Company has added to its education and training portfolio by investing in Grace Hill, Inc. Based in Augusta, Georgia, Grace Hill specializes in providing a suite of training and education offerings for property management professionals. The company enables property management firms to train employees with a cost-effective on-demand tool, ensuring that they are compliant with a myriad of rules and regulations on topics as wide ranging as Fair Housing, OSHA regulations, sexual harassment prevention, and more. Since its founding in 1998, Grace Hill has provided education and networking opportunities for owners, employees and managers in the multifamily industry. Grace Hill currently serves more than 400,000 members worldwide who collectively take more than 850,000 online courses annually via gracehill.com.
“Grace Hill provides tremendous value for its customers,” said Riverside Partner Brian Sauer. “The multifamily housing industry has extensive training needs, and Grace Hill provides a simple one-stop shop for consistent and extensive training offerings. Their extremely high customer retention rate is a great testimonial for Grace Hill’s value, and though it is currently a leader in the market, the company has ample room to expand. We look forward to working with Grace Hill’s executive team in growing the company through continued investment in content, new products and technology, and sales and marketing capabilities.”
Riverside has completed more than 40 transactions within its Education & Training Specialization. Working with Sauer on the transaction for Riverside were Managing Partner Loren Schlachet, Operating Partner Mike Eblin, Vice President John McKernan and Associate Ryan Philyaw. Freeport Capital provided financing for the transaction and Riverside was advised by Jones Day and Deloitte. Terms of the transaction were not disclosed.
The Riverside Company: (www.riversidecompany.com or www.riversideeurope.com)
The Riverside Company is a global private equity firm focused on acquiring and investing in growing businesses valued at up to $250 million (€200 million in Europe). Since its founding in 1988, Riverside has invested in more than 345 transactions. The firm’s international portfolio includes more than 70 companies.
About Grace Hill, Inc.: (www.gracehill.com)
Grace Hill, Inc. is a privately held company founded in November, 1998 and headquartered in Augusta, GA. Grace Hill, Inc. is the multifamily industry’s leading provider of state-of-the-